The case involves a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor. However, a similar petition against the same corporate debtor has already been admitted by the same bench in a previous order dated 2019-02-12. The previous case was Mr. Kapil Arora v. Morpheus Developers Private Limited, [(IB)-949(PB)/2018].
Ekta Srivastava & anr. filed a petition against M/s. Morpheus Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. 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 insolvency process against a corporate debtor already undergoing one. The petitioners were granted liberty to file a fresh petition or revive the existing one if necessary.
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A petition filed by Mr. Kapil Arora against…
The court dismissed the petition filed by Ekta…
The case involves a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor. However, a similar petition against the same corporate debtor has already been admitted by the same bench in a previous order dated 2019-02-12. The previous case was Mr. Kapil Arora v. Morpheus Developers Private Limited, [(IB)-949(PB)/2018].
Ekta Srivastava & anr. filed a petition against M/s. Morpheus Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. 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 insolvency process against a corporate debtor already undergoing one. The petitioners were granted liberty to file a fresh petition or revive the existing one if necessary.
A petition filed by Mr. Kapil Arora against…
The court dismissed the petition filed by Ekta…