The case involves a petition filed by Reena Mukherjee & Ors., financial creditors, against Kamrup Housing Projects Pvt. Ltd., the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed to initiate the corporate insolvency resolution process against the corporate debtor.
Reena Mukherjee & Ors. filed a petition against Kamrup Housing Projects Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The purpose was to initiate the corporate insolvency resolution process. However, the court discovered that another petition, Sanjeev Memorial Foundation Vs. M/s Kamrup Housing Projects Pvt. Ltd., had already been admitted against the same corporate debtor on 2018-02-14. Section 11 of the Code prohibits initiating another insolvency process if one is already ongoing. The court disposed of Reena Mukherjee's petition but allowed them to file their claim with the existing Insolvency Professional, Mr. Sumit Shukla.
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Order passed in Sanjeev Memorial Foundation…
Judgment delivered disposing of the petition…
The case involves a petition filed by Reena Mukherjee & Ors., financial creditors, against Kamrup Housing Projects Pvt. Ltd., the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed to initiate the corporate insolvency resolution process against the corporate debtor.
Reena Mukherjee & Ors. filed a petition against Kamrup Housing Projects Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The purpose was to initiate the corporate insolvency resolution process. However, the court discovered that another petition, Sanjeev Memorial Foundation Vs. M/s Kamrup Housing Projects Pvt. Ltd., had already been admitted against the same corporate debtor on 2018-02-14. Section 11 of the Code prohibits initiating another insolvency process if one is already ongoing. The court disposed of Reena Mukherjee's petition but allowed them to file their claim with the existing Insolvency Professional, Mr. Sumit Shukla.
Order passed in Sanjeev Memorial Foundation…
Judgment delivered disposing of the petition…