The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The Petitioner Counsel and the Corporate Debtor Counsel reported that the petition could be disposed of with a direction to the Petitioner to make a claim before the Insolvency Resolution Professional (IRP) appointed in another case against the same Corporate Debtor.
The Petitioner filed a Company Petition. The Petitioner Counsel and the Corporate Debtor Counsel agreed that the petition could be disposed of with a direction to the Petitioner to make a claim before the Insolvency Resolution Professional (IRP) already appointed in CP 1202/NCLT/MB/MAH/2017 against the same Corporate Debtor. An Insolvency Resolution Process had already been initiated against the Corporate Debtor. This existing process was the basis for the court's decision to dismiss the petition.
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The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The Petitioner Counsel and the Corporate Debtor Counsel reported that the petition could be disposed of with a direction to the Petitioner to make a claim before the Insolvency Resolution Professional (IRP) appointed in another case against the same Corporate Debtor.
The Petitioner filed a Company Petition. The Petitioner Counsel and the Corporate Debtor Counsel agreed that the petition could be disposed of with a direction to the Petitioner to make a claim before the Insolvency Resolution Professional (IRP) already appointed in CP 1202/NCLT/MB/MAH/2017 against the same Corporate Debtor. An Insolvency Resolution Process had already been initiated against the Corporate Debtor. This existing process was the basis for the court's decision to dismiss the petition.
Hearing held by the…
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