The case involves a petition filed under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, Lok Housing & Constructions Ltd., is already undergoing Corporate Insolvency Resolution Process (CIRP) based on a previous order. The current petition, CP(IB)-2193(MB)/2019, was filed by Employees of Lok Housing & Constructions Ltd.
The Employees of Lok Housing & Constructions Ltd. filed a petition CP(IB)-2193(MB)/2019 against Lok Housing & Constructions Ltd. under the Insolvency and Bankruptcy Code, 2016. However, Lok Housing & Constructions Ltd. was already undergoing CIRP based on an order dated 2019-06-03 in CP 4135/IB(MB)/2018. Because of the ongoing CIRP, the court dismissed the petition as infructuous, allowing the petitioners to lodge their claim with the IRP.
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Order issued in CP 4135/IB(MB)/2018 initiating…
The court dismissed…
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The case involves a petition filed under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, Lok Housing & Constructions Ltd., is already undergoing Corporate Insolvency Resolution Process (CIRP) based on a previous order. The current petition, CP(IB)-2193(MB)/2019, was filed by Employees of Lok Housing & Constructions Ltd.
The Employees of Lok Housing & Constructions Ltd. filed a petition CP(IB)-2193(MB)/2019 against Lok Housing & Constructions Ltd. under the Insolvency and Bankruptcy Code, 2016. However, Lok Housing & Constructions Ltd. was already undergoing CIRP based on an order dated 2019-06-03 in CP 4135/IB(MB)/2018. Because of the ongoing CIRP, the court dismissed the petition as infructuous, allowing the petitioners to lodge their claim with the IRP.
Order issued in CP 4135/IB(MB)/2018 initiating…
The court dismissed…
Sign in to view related legal provisions.