Satguru Holidays (India) Private Limited filed an application against M/S India Sports Flashes Private Limited under Section 9 of the Insolvency & Bankruptcy Code. A prior application, C.P. No. (IB)-460(ND)/2020, against the same corporate debtor, M/S India Sports Flashes Private Limited, had already been admitted on August 11, 2021, and the CIRP was in progress. The applicant is now directed to file their claim before the IRP. The court also addresses the scenario where the order dated 11.08.2021 is set aside by a higher court, granting the applicant liberty to revive their application.

Satguru Holidays (India) Private Limited filed an application against M/S India Sports Flashes Private Limited under Section 9 of the Insolvency & Bankruptcy Code. A prior application, C.P. No. (IB)-460(ND)/2020, against the same corporate debtor, M/S India Sports Flashes Private Limited, had already been admitted on August 11, 2021, and the CIRP was in progress. The applicant is now directed to file their claim before the IRP. The court also addresses the scenario where the order dated 11.08.2021 is set aside by a higher court, granting the applicant liberty to revive their application.