The case involves an application by Mr. Satya Mishra & Anr. against M/S JC World Hospitality Private Limited under Section 7 of the Insolvency & Bankruptcy Code. An earlier Corporate Insolvency Resolution Process (CIRP) had already been admitted against the same corporate debtor under C.P. No. (IB)-256(ND)/2019 on 13.12.2019.
Mr. Satya Mishra & Anr. filed an application against M/S JC World Hospitality Private Limited under Section 7 of the Insolvency & Bankruptcy Code. A prior CIRP order against the same corporate debtor, M/S JC World Hospitality Private Limited, had already been admitted on 13.12.2019 under C.P. No. (IB)-256(ND)/2019. The court acknowledged the principle that two CIRP orders cannot be passed against the same corporate debtor. The applicant was permitted to file their claim before the IRP. The order also provided a contingency plan if the initial CIRP order is set aside by a higher court.
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CIRP against M/S JC World Hospitality…
Order delivered on the…
The case involves an application by Mr. Satya Mishra & Anr. against M/S JC World Hospitality Private Limited under Section 7 of the Insolvency & Bankruptcy Code. An earlier Corporate Insolvency Resolution Process (CIRP) had already been admitted against the same corporate debtor under C.P. No. (IB)-256(ND)/2019 on 13.12.2019.
Mr. Satya Mishra & Anr. filed an application against M/S JC World Hospitality Private Limited under Section 7 of the Insolvency & Bankruptcy Code. A prior CIRP order against the same corporate debtor, M/S JC World Hospitality Private Limited, had already been admitted on 13.12.2019 under C.P. No. (IB)-256(ND)/2019. The court acknowledged the principle that two CIRP orders cannot be passed against the same corporate debtor. The applicant was permitted to file their claim before the IRP. The order also provided a contingency plan if the initial CIRP order is set aside by a higher court.
CIRP against M/S JC World Hospitality…
Order delivered on the…