Medellion Aircon, the operational creditor, filed a petition against Indirapuram Habitat Centre Pvt. Ltd., the corporate debtor, under Section 9 of the IBC code 2016. CIRP had been initiated against the corporate debtor on 22.08.2019. The operational creditor submitted that their claim had already been filed before the IRP/RP. The court disposed of the petition but granted liberty to the operational creditor to revive/restore the same if a compromise of the corporate debtor with other creditors occurs or if the order is set aside in appeal. The key fact is that CIRP was already initiated and the claim was filed, leading to the disposal of the current petition, but with a provision for revival under specific conditions.

Medellion Aircon, the operational creditor, filed a petition against Indirapuram Habitat Centre Pvt. Ltd., the corporate debtor, under Section 9 of the IBC code 2016. CIRP had been initiated against the corporate debtor on 22.08.2019. The operational creditor submitted that their claim had already been filed before the IRP/RP. The court disposed of the petition but granted liberty to the operational creditor to revive/restore the same if a compromise of the corporate debtor with other creditors occurs or if the order is set aside in appeal. The key fact is that CIRP was already initiated and the claim was filed, leading to the disposal of the current petition, but with a provision for revival under specific conditions.