The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s Om Metals, an operational creditor, against Kudos Chemie Limited, the corporate debtor. However, CIRP proceedings have already commenced against Kudos Chemie Limited in CP (IB) No. 277/Chd/Pb/2018.
M/s Om Metals, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kudos Chemie Limited, the corporate debtor. The petition was filed because M/s Om Metals claimed that Kudos Chemie Limited had defaulted on its payments. However, prior to the current petition, CIRP proceedings had already been initiated against Kudos Chemie Limited under CP (IB) No. 277/Chd/Pb/2018. This prior commencement of CIRP proceedings rendered the current petition redundant.
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CIRP proceedings…
Order delivered…
The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s Om Metals, an operational creditor, against Kudos Chemie Limited, the corporate debtor. However, CIRP proceedings have already commenced against Kudos Chemie Limited in CP (IB) No. 277/Chd/Pb/2018.
M/s Om Metals, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kudos Chemie Limited, the corporate debtor. The petition was filed because M/s Om Metals claimed that Kudos Chemie Limited had defaulted on its payments. However, prior to the current petition, CIRP proceedings had already been initiated against Kudos Chemie Limited under CP (IB) No. 277/Chd/Pb/2018. This prior commencement of CIRP proceedings rendered the current petition redundant.
CIRP proceedings…
Order delivered…