Jagannath Corporation Projects Pvt Ltd. filed a case against Punj Lloyd Ltd. under Section 7 of the Insolvency & Bankruptcy Code. A connected matter, C.P. No. (IB)-731(PB)/2018, involved ICICI Bank Ltd. against Punj Llyod Ltd., where the Corporate Insolvency Resolution Process had already been initiated. The order pronounced on 08.03.2019 allows the petitioners to file their claims before the Resolution Professional, to be considered according to law. The order also stipulates that if the order dated 08.03.2019 in C.P. No. (IB)-731(PB)/2018 is set aside, the parties can file for revival of the petition. C.P. No. (IB)-570(PB)/2019, C.P. No. (IB)-319(PB)/2019, and CP. No. 414(PB)/2019 were disposed of.

Jagannath Corporation Projects Pvt Ltd. filed a case against Punj Lloyd Ltd. under Section 7 of the Insolvency & Bankruptcy Code. A connected matter, C.P. No. (IB)-731(PB)/2018, involved ICICI Bank Ltd. against Punj Llyod Ltd., where the Corporate Insolvency Resolution Process had already been initiated. The order pronounced on 08.03.2019 allows the petitioners to file their claims before the Resolution Professional, to be considered according to law. The order also stipulates that if the order dated 08.03.2019 in C.P. No. (IB)-731(PB)/2018 is set aside, the parties can file for revival of the petition. C.P. No. (IB)-570(PB)/2019, C.P. No. (IB)-319(PB)/2019, and CP. No. 414(PB)/2019 were disposed of.