The case pertains to CP(IB) No. 378/KB/2019 before the National Company Law Tribunal, Kolkata Bench. The Ld. Counsel for the Operational Creditor appeared, as did the Resolution Professional. The Ld. Counsel for the Operational Creditor submitted that vide Order dated 20-03-2019, passed in CP(IB) No. 852/KB/2018, the CIRP has been initiated against the very same Corporate Debtor.
The Ld. Counsel for the Operational Creditor appeared before the NCLT Kolkata bench. The Resolution Professional also appeared. The Ld. Counsel for the Operational Creditor submitted that an order dated 20-03-2019 was passed in CP(IB) No. 852/KB/2018, initiating the CIRP against the same Corporate Debtor. Due to the CIRP already being initiated, the present application cannot continue under Section 11 of the Insolvency and Bankruptcy Code, 2016. The proceedings in the current application were closed, and the Operational Creditor was given the opportunity to submit their claim with the Resolution Professional appointed in the earlier CP.
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Hearing held…
Order dated 20-03-2019 passed in CP(IB) No.…
The case pertains to CP(IB) No. 378/KB/2019 before the National Company Law Tribunal, Kolkata Bench. The Ld. Counsel for the Operational Creditor appeared, as did the Resolution Professional. The Ld. Counsel for the Operational Creditor submitted that vide Order dated 20-03-2019, passed in CP(IB) No. 852/KB/2018, the CIRP has been initiated against the very same Corporate Debtor.
The Ld. Counsel for the Operational Creditor appeared before the NCLT Kolkata bench. The Resolution Professional also appeared. The Ld. Counsel for the Operational Creditor submitted that an order dated 20-03-2019 was passed in CP(IB) No. 852/KB/2018, initiating the CIRP against the same Corporate Debtor. Due to the CIRP already being initiated, the present application cannot continue under Section 11 of the Insolvency and Bankruptcy Code, 2016. The proceedings in the current application were closed, and the Operational Creditor was given the opportunity to submit their claim with the Resolution Professional appointed in the earlier CP.
Hearing held…
Order dated 20-03-2019 passed in CP(IB) No.…