The matter pertains to IA 2323/2020 in C.P.(IB)-4174(MB)/2019 before the National Company Law Tribunal, Mumbai Bench, Court-II. The urgent mentioning Praecipe was filed for the hearing of C.P.(IB)-4174(MB)/2019. During submissions, the counsel for the Corporate Debtor stated that vide order dated 29.01.2021 in CP (IB)-1224/MB/2020, the petition was admitted, and CIRP proceedings were initiated against the Corporate Debtor by Court No. 5, NCLT Mumbai Bench.
Pioneer Enterprises filed an application against Premier Ltd under Section 9 of the Insolvency and Bankruptcy Code. The matter was taken up through virtual hearing. Akshya Zantye appeared as counsel for the Petitioner/Operational Creditor, and Zain Najem-es-sani appeared as counsel for the Corporate Debtor/Respondent. The Corporate Debtor's counsel submitted that an order dated 2021-01-29 in CP (IB)-1224/MB/2020 admitted the petition and initiated CIRP proceedings against the Corporate Debtor. Due to the admission of CP (IB)-1224/MB/2020, the current application C.P.(IB)-4174(MB)/2019 was deemed infructuous.
Sign in to view the parties.
Order dated 29.01.2021 in CP (IB)-1224/MB/2020…
IA 2323/2020 and…
Sign in to view related legal provisions.
The matter pertains to IA 2323/2020 in C.P.(IB)-4174(MB)/2019 before the National Company Law Tribunal, Mumbai Bench, Court-II. The urgent mentioning Praecipe was filed for the hearing of C.P.(IB)-4174(MB)/2019. During submissions, the counsel for the Corporate Debtor stated that vide order dated 29.01.2021 in CP (IB)-1224/MB/2020, the petition was admitted, and CIRP proceedings were initiated against the Corporate Debtor by Court No. 5, NCLT Mumbai Bench.
Pioneer Enterprises filed an application against Premier Ltd under Section 9 of the Insolvency and Bankruptcy Code. The matter was taken up through virtual hearing. Akshya Zantye appeared as counsel for the Petitioner/Operational Creditor, and Zain Najem-es-sani appeared as counsel for the Corporate Debtor/Respondent. The Corporate Debtor's counsel submitted that an order dated 2021-01-29 in CP (IB)-1224/MB/2020 admitted the petition and initiated CIRP proceedings against the Corporate Debtor. Due to the admission of CP (IB)-1224/MB/2020, the current application C.P.(IB)-4174(MB)/2019 was deemed infructuous.
Order dated 29.01.2021 in CP (IB)-1224/MB/2020…
IA 2323/2020 and…
Sign in to view related legal provisions.