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 as an Operational Creditor 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. Zain Najem-es-sani appeared as counsel for the Corporate Debtor/Respondent. The Corporate Debtor's counsel submitted that an order dated 29.01.2021 in CP (IB)-1224/MB/2020 had already admitted the petition and initiated CIRP proceedings against the Corporate Debtor. Due to the initiation of CIRP proceedings, the current C.P.(IB)-4174(MB)/2019 became infructuous.
Sign in to view the parties.
Order passed admitting the petition and…
IA 2323/2020 and…
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 as an Operational Creditor 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. Zain Najem-es-sani appeared as counsel for the Corporate Debtor/Respondent. The Corporate Debtor's counsel submitted that an order dated 29.01.2021 in CP (IB)-1224/MB/2020 had already admitted the petition and initiated CIRP proceedings against the Corporate Debtor. Due to the initiation of CIRP proceedings, the current C.P.(IB)-4174(MB)/2019 became infructuous.
Order passed admitting the petition and…
IA 2323/2020 and…