The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Registry informed the Tribunal that the Corporate Debtor is already under the Corporate Insolvency Resolution Process (CIRP) based on an order dated 24.02.2021 in IBA/938/2019. Mr. Asokan Nagarajan has been appointed as the Interim Resolution Professional (IRP).
BD Edible Oil Pvt Ltd filed a petition against Oren Hydrocarbons Pvt Ltd under Section 9 of the IBC, 2016. During the proceedings, the Registry informed the Tribunal that Oren Hydrocarbons Pvt Ltd was already undergoing Corporate Insolvency Resolution Process (CIRP) vide an order dated 24.02.2021 in IBA/938/2019. Mr. Asokan Nagarajan was appointed as the Interim Resolution Professional (IRP). The key fact is the ongoing CIRP, which affects the maintainability of the Section 9 petition.
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An order was passed in IBA/938/2019 initiating…
The National Company Law Tribunal (NCLT) heard…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Registry informed the Tribunal that the Corporate Debtor is already under the Corporate Insolvency Resolution Process (CIRP) based on an order dated 24.02.2021 in IBA/938/2019. Mr. Asokan Nagarajan has been appointed as the Interim Resolution Professional (IRP).
BD Edible Oil Pvt Ltd filed a petition against Oren Hydrocarbons Pvt Ltd under Section 9 of the IBC, 2016. During the proceedings, the Registry informed the Tribunal that Oren Hydrocarbons Pvt Ltd was already undergoing Corporate Insolvency Resolution Process (CIRP) vide an order dated 24.02.2021 in IBA/938/2019. Mr. Asokan Nagarajan was appointed as the Interim Resolution Professional (IRP). The key fact is the ongoing CIRP, which affects the maintainability of the Section 9 petition.
An order was passed in IBA/938/2019 initiating…
The National Company Law Tribunal (NCLT) heard…