The case pertains to CP No.(IB) 502/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The matter was heard through video conferencing. The petition was filed by Kotak Mahindra Bank Ltd against Primuss Pipes & Tubes Ltd. The present petition has become infructuous because another petition CP No.(IB) 353/ALD/2019 in the matter of M/S Ashish Ispat Private Limited V. Primuss Pipes and Tubes Limited has already been admitted against the same corporate debtor vide order dated 04.08.2021.
Kotak Mahindra Bank Ltd filed a petition against Primuss Pipes & Tubes Ltd under CP No.(IB) 502/ALD/2019. The hearing took place via video conferencing. Another petition, CP No.(IB) 353/ALD/2019, filed by M/S Ashish Ispat Private Limited against Primuss Pipes and Tubes Limited, was already admitted on 04.08.2021. Because of the prior admission of the other petition against the same corporate debtor, the current petition filed by Kotak Mahindra Bank Ltd was deemed infructuous. The court allowed Kotak Mahindra Bank Ltd to raise their claim before the IRP/RP during the CIRP process.
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CP No.(IB) 353/ALD/2019 filed by M/S Ashish…
Hearing of CP No.(IB) 502/ALD/2019 filed by…
The case pertains to CP No.(IB) 502/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The matter was heard through video conferencing. The petition was filed by Kotak Mahindra Bank Ltd against Primuss Pipes & Tubes Ltd. The present petition has become infructuous because another petition CP No.(IB) 353/ALD/2019 in the matter of M/S Ashish Ispat Private Limited V. Primuss Pipes and Tubes Limited has already been admitted against the same corporate debtor vide order dated 04.08.2021.
Kotak Mahindra Bank Ltd filed a petition against Primuss Pipes & Tubes Ltd under CP No.(IB) 502/ALD/2019. The hearing took place via video conferencing. Another petition, CP No.(IB) 353/ALD/2019, filed by M/S Ashish Ispat Private Limited against Primuss Pipes and Tubes Limited, was already admitted on 04.08.2021. Because of the prior admission of the other petition against the same corporate debtor, the current petition filed by Kotak Mahindra Bank Ltd was deemed infructuous. The court allowed Kotak Mahindra Bank Ltd to raise their claim before the IRP/RP during the CIRP process.
CP No.(IB) 353/ALD/2019 filed by M/S Ashish…
Hearing of CP No.(IB) 502/ALD/2019 filed by…