# In the matter of Male Square Retails Pvt. Ltd. CP(IB) 39 of 2020

> Read the full IBC case summary for In the matter of Male Square Retails Pvt. Ltd. CP(IB) 39 of 2020. NCLT judgment dated 2022-04-27. Citation:…

- **Court:** NCLT
- **Order date:** 27 Apr 2022
- **Citation:** TCN-2022-NCLT-04899
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/male-square-retails-pvt-ltd-cpib-39-of-2020-f334f7d8

## Summary

### Background

The NCLAT directed the Adjudicating Authority to admit the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP). This order formalizes that admission and initiates the CIRP.

## Facts

The Hon'ble NCLAT, through its order dated January 19, 2022, in Company Appeal (AT) Insolvency No. 210 of 2021, directed the Adjudicating Authority to admit Male Square Retails Pvt. Ltd. into the Corporate Insolvency Resolution Process (CIRP). This direction was issued in an appeal filed by the Applicant-Operational Creditor, Hardik Fakirchand Shah, Proprietor of Cotton Hub. Consequently, the Adjudicating Authority proceeded to admit the application for CIRP.

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## Parties

- **Judges:** Madan B.…; Ajai Das Me…
- **Advocates:** For the Applicant:…

## Timeline

- **January 19, 2022 — NCLAT Or…**: The Hon'ble NCLAT, in Company Appeal (AT) Insolvency No.210 of 2021, directed the…
- **April 27, 2022 — IRP Sugge…**: The Operational Creditor suggested Mr. Rahul…

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