The case pertains to CP(IB) 287 of 2020 before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The Operational Creditor brought to the court's notice that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same Corporate Debtor, Pradip Overseas Ltd., vide its order dated 09.11.2020 in CP(IB) No. 221/7/NCLT/AHM/2017.
The Operational Creditor filed CP(IB) 287 of 2020 against Pradip Overseas Ltd. However, the Operational Creditor informed the court that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same Corporate Debtor, Pradip Overseas Ltd., vide its order dated 09.11.2020 in CP(IB) No. 221/7/NCLT/AHM/2017. Given the existing CIRP, the court considered the present petition as infructuous. The Operational Creditor is at liberty to approach IRP/Resolution Professional to lodge its claim.
Sign in to view the parties.
Order passed in CP(IB) No. 221/7/NCLT/AHM/2017…
The court disposed of CP(IB) No. 287 of 2020…
Sign in to view related legal provisions.
The case pertains to CP(IB) 287 of 2020 before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The Operational Creditor brought to the court's notice that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same Corporate Debtor, Pradip Overseas Ltd., vide its order dated 09.11.2020 in CP(IB) No. 221/7/NCLT/AHM/2017.
The Operational Creditor filed CP(IB) 287 of 2020 against Pradip Overseas Ltd. However, the Operational Creditor informed the court that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against the same Corporate Debtor, Pradip Overseas Ltd., vide its order dated 09.11.2020 in CP(IB) No. 221/7/NCLT/AHM/2017. Given the existing CIRP, the court considered the present petition as infructuous. The Operational Creditor is at liberty to approach IRP/Resolution Professional to lodge its claim.
Order passed in CP(IB) No. 221/7/NCLT/AHM/2017…
The court disposed of CP(IB) No. 287 of 2020…
Sign in to view related legal provisions.