The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The learned counsel for the corporate debtor stated that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same corporate debtor by the Ahmedabad Court-1 in CP (IB) 241 of 2021, vide order dated 26.04.2022.
Richrelics Export, the operational creditor, filed an application under Section 9 of the IBC against Map Oil LLP, the corporate debtor. However, the learned counsel for the corporate debtor stated that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same corporate debtor by the Ahmedabad Court-1 in CP (IB) 241 of 2021 vide order dated 26.04.2022. This prior initiation of CIRP was the key fact that led to the disposal of the application CP(IB) 248 of 2021.
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Corporate Insolvency Resolution Process…
Application CP(IB) 248 of 2021 filed by…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The learned counsel for the corporate debtor stated that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same corporate debtor by the Ahmedabad Court-1 in CP (IB) 241 of 2021, vide order dated 26.04.2022.
Richrelics Export, the operational creditor, filed an application under Section 9 of the IBC against Map Oil LLP, the corporate debtor. However, the learned counsel for the corporate debtor stated that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same corporate debtor by the Ahmedabad Court-1 in CP (IB) 241 of 2021 vide order dated 26.04.2022. This prior initiation of CIRP was the key fact that led to the disposal of the application CP(IB) 248 of 2021.
Corporate Insolvency Resolution Process…
Application CP(IB) 248 of 2021 filed by…