M/s Samyak Metals Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Kiran Udyog Private Limited. The petition was registered as IB-315/(ND)/2021. However, the court noted that another petition, M/s Jaycee Castalloys Private Limited Vs. M/s Kiran Udyog Private Limited, [IB-813/(ND)/2020], had already been admitted against the same corporate debtor, and CIRP had been initiated vide order dated 2021-12-14. The court considered the fact that a second CIRP cannot be initiated against a corporate debtor already undergoing the process. The Insolvency Professional was identified as Mr. Aditya Kumar.

M/s Samyak Metals Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Kiran Udyog Private Limited. The petition was registered as IB-315/(ND)/2021. However, the court noted that another petition, M/s Jaycee Castalloys Private Limited Vs. M/s Kiran Udyog Private Limited, [IB-813/(ND)/2020], had already been admitted against the same corporate debtor, and CIRP had been initiated vide order dated 2021-12-14. The court considered the fact that a second CIRP cannot be initiated against a corporate debtor already undergoing the process. The Insolvency Professional was identified as Mr. Aditya Kumar.