The case pertains to CP(IB)-87(MB)/2021 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court convened through video conference. The counsel for the petitioner, Ms. Anamika Singh i/b IndusLaw, was present. The counsel submitted that another CP(IB)-1390/2020 against the same Corporate Debtor has already been admitted vide an order dated 30.04.2021 and CIRP commenced.
Yes Bank Ltd. filed CP(IB)-87(MB)/2021 against Radius Estates and Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the hearing on 09.07.2021, the counsel for the petitioner submitted that another petition, CP(IB)-1390/2020, against the same Corporate Debtor had already been admitted on 30.04.2021, and CIRP had commenced. This fact made the current petition infructuous. The court accepted this submission and dismissed the petition.
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Another CP(IB)-1390/2020 against the same…
The hearing for CP(IB)-87(MB)/2021 was…
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The case pertains to CP(IB)-87(MB)/2021 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court convened through video conference. The counsel for the petitioner, Ms. Anamika Singh i/b IndusLaw, was present. The counsel submitted that another CP(IB)-1390/2020 against the same Corporate Debtor has already been admitted vide an order dated 30.04.2021 and CIRP commenced.
Yes Bank Ltd. filed CP(IB)-87(MB)/2021 against Radius Estates and Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the hearing on 09.07.2021, the counsel for the petitioner submitted that another petition, CP(IB)-1390/2020, against the same Corporate Debtor had already been admitted on 30.04.2021, and CIRP had commenced. This fact made the current petition infructuous. The court accepted this submission and dismissed the petition.
Another CP(IB)-1390/2020 against the same…
The hearing for CP(IB)-87(MB)/2021 was…
Sign in to view related legal provisions.