Ekta Srivastava & anr. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Morpheus Developers Pvt. Ltd. However, a previous petition against the same corporate debtor, filed by Mr. Kapil Arora, had already been admitted by the same bench on 2019-02-12. Section 11 of the Code prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process. The Insolvency Professional involved is Mr. Ashutosh Jain. The court dismissed Ekta Srivastava's petition as infructuous but allowed the petitioner to file for revival or a fresh petition if necessary.

Ekta Srivastava & anr. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Morpheus Developers Pvt. Ltd. However, a previous petition against the same corporate debtor, filed by Mr. Kapil Arora, had already been admitted by the same bench on 2019-02-12. Section 11 of the Code prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process. The Insolvency Professional involved is Mr. Ashutosh Jain. The court dismissed Ekta Srivastava's petition as infructuous but allowed the petitioner to file for revival or a fresh petition if necessary.