A petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against KST Infrastructure Pvt. Ltd. However, a similar petition against the same corporate debtor had already been admitted in the matter of Mrs. Sonia Rani and Ors. v. KST Infrastructure Ltd. vide order dated 27.03.2019. The court noted that Section 11 of the Code, 2016 prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process.
A petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against KST Infrastructure Pvt. Ltd. An earlier petition against the same corporate debtor, Mrs. Sonia Rani and Ors. v. KST Infrastructure Ltd., had already been admitted vide order dated 27.03.2019. Section 11 of the Code, 2016, prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process. The petitioner was entitled to file its claim before the Insolvency Professional Mr. Sandeep Chandna.
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Order passed in the matter of Mrs. Sonia…
The court dismissed the petition filed by…
A petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against KST Infrastructure Pvt. Ltd. However, a similar petition against the same corporate debtor had already been admitted in the matter of Mrs. Sonia Rani and Ors. v. KST Infrastructure Ltd. vide order dated 27.03.2019. The court noted that Section 11 of the Code, 2016 prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process.
A petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against KST Infrastructure Pvt. Ltd. An earlier petition against the same corporate debtor, Mrs. Sonia Rani and Ors. v. KST Infrastructure Ltd., had already been admitted vide order dated 27.03.2019. Section 11 of the Code, 2016, prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process. The petitioner was entitled to file its claim before the Insolvency Professional Mr. Sandeep Chandna.
Order passed in the matter of Mrs. Sonia…
The court dismissed the petition filed by…