The applicant, Madhu Chaudhry, filed an application seeking the revival of Company Petition (IB) No. 272/NCLT/AHM/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP against the Corporate Debtor, OYO Hotels And Homes Pvt. Ltd. The application was initially dismissed on 31.03.2021 because another petition, CP(IB) No. 40 of 2020, against the same Corporate Debtor was already admitted. The NCLAT later quashed the CIRP initiation in CP(IB) No. 40 of 2020 due to settlement and payment of defaulted debt between the parties.
Madhu Chaudhry, the applicant and operational creditor, filed Company Petition (IB) No. 272/NCLT/AHM/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against OYO Hotels And Homes Pvt. Ltd., the corporate debtor. The application was initially dismissed on 31.03.2021 because CP(IB) No. 40 of 2020 against the same corporate debtor was already admitted. Subsequently, the NCLAT quashed the CIRP in CP(IB) No. 40 of 2020 on 07.07.2021 due to a settlement and payment of the defaulted debt. The applicant then filed IA No. 508 of 2021 seeking the revival of CP(IB) No. 272 of 2020, claiming an outstanding amount of Rs. 1,53,85,851/- against the corporate debtor. The applicant also filed an Intervention Application, I.A No. 941 of 2021, in
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The Adjudicating Authority dismissed the…
The Hon'ble Appellate Authority (NCLAT) quashed…
The applicant, Madhu Chaudhry, filed an application seeking the revival of Company Petition (IB) No. 272/NCLT/AHM/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP against the Corporate Debtor, OYO Hotels And Homes Pvt. Ltd. The application was initially dismissed on 31.03.2021 because another petition, CP(IB) No. 40 of 2020, against the same Corporate Debtor was already admitted. The NCLAT later quashed the CIRP initiation in CP(IB) No. 40 of 2020 due to settlement and payment of defaulted debt between the parties.
Madhu Chaudhry, the applicant and operational creditor, filed Company Petition (IB) No. 272/NCLT/AHM/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against OYO Hotels And Homes Pvt. Ltd., the corporate debtor. The application was initially dismissed on 31.03.2021 because CP(IB) No. 40 of 2020 against the same corporate debtor was already admitted. Subsequently, the NCLAT quashed the CIRP in CP(IB) No. 40 of 2020 on 07.07.2021 due to a settlement and payment of the defaulted debt. The applicant then filed IA No. 508 of 2021 seeking the revival of CP(IB) No. 272 of 2020, claiming an outstanding amount of Rs. 1,53,85,851/- against the corporate debtor. The applicant also filed an Intervention Application, I.A No. 941 of 2021, in
…The Adjudicating Authority dismissed the…
The Hon'ble Appellate Authority (NCLAT) quashed…