Alchemist Asset Reconstruction Company Private Limited filed a petition against IBD Universal Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. NIIL Infrastructure Private Limited, the principal debtor/borrower, already had a petition admitted against it. Alchemist Asset Reconstruction Company Private Limited had already lodged its claim with Ms. Nisha Malpani, the Resolution Professional of NIIL Infrastructures Private Limited. The claim was for Rs. 243,493,878. The court considered whether the same claim could be the basis for filing a petition under Section 7 of the Code. The court noted that the claim had already been collated and admitted in the proceedings against NIIL Infrastructures Private Limited.

Alchemist Asset Reconstruction Company Private Limited filed a petition against IBD Universal Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. NIIL Infrastructure Private Limited, the principal debtor/borrower, already had a petition admitted against it. Alchemist Asset Reconstruction Company Private Limited had already lodged its claim with Ms. Nisha Malpani, the Resolution Professional of NIIL Infrastructures Private Limited. The claim was for Rs. 243,493,878. The court considered whether the same claim could be the basis for filing a petition under Section 7 of the Code. The court noted that the claim had already been collated and admitted in the proceedings against NIIL Infrastructures Private Limited.