An application was filed by the Resolution Professional seeking directions. The Hon'ble High Court of Bombay issued a winding-up order on August 2, 2018, against the Corporate Debtor. The High Court's order, dated August 2, 2018, in CP 65/2018, was reviewed. Because of the winding-up order, the CIRP cannot continue under Section 11(d) of the Code. Consequently, the CIRP order against the Corporate Debtor is recalled, the IRP is discharged, and the CP is closed. The key fact is the existence of a prior winding-up order issued by the High Court, which takes precedence over the CIRP.

An application was filed by the Resolution Professional seeking directions. The Hon'ble High Court of Bombay issued a winding-up order on August 2, 2018, against the Corporate Debtor. The High Court's order, dated August 2, 2018, in CP 65/2018, was reviewed. Because of the winding-up order, the CIRP cannot continue under Section 11(d) of the Code. Consequently, the CIRP order against the Corporate Debtor is recalled, the IRP is discharged, and the CP is closed. The key fact is the existence of a prior winding-up order issued by the High Court, which takes precedence over the CIRP.