Mr. Kuldeep Kumar Harshwal, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Jaipur Scientific Agriculture Solution Pvt. Ltd., the corporate debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default.

During the proceedings, the learned counsel for the operational creditor informed the National Company Law Tribunal (NCLT) that the corporate debtor was already undergoing CIRP in another case, specifically CP No. (IB)- 213/9/JPR/2019, titled Mr. Sohan Lal Vs. Jaipur Scientific Agriculture Solution Pvt. Ltd. This revelation indicated that insolvency proceedings were already in motion against the same corporate entity.

Mr. Kuldeep Kumar Harshwal, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Jaipur Scientific Agriculture Solution Pvt. Ltd., the corporate debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default.

During the proceedings, the learned counsel for the operational creditor informed the National Company Law Tribunal (NCLT) that the corporate debtor was already undergoing CIRP in another case, specifically CP No. (IB)- 213/9/JPR/2019, titled Mr. Sohan Lal Vs. Jaipur Scientific Agriculture Solution Pvt. Ltd. This revelation indicated that insolvency proceedings were already in motion against the same corporate entity.