The case pertains to CP (IB) No. 294/Chd/Hry/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. Radhika Carriers LLP, the operational creditor, filed the petition against Richa Industries Limited, the corporate debtor. However, CIRP proceedings had already commenced against Richa Industries Ltd. in CP (IB) No. 80/Chd/Hry/2018.
Radhika Carriers LLP, an operational creditor, filed CP (IB) No. 294/Chd/Hry/2018 against Richa Industries Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed because of an outstanding debt. However, prior to this petition, CIRP proceedings had already been initiated against Richa Industries Limited under CP (IB) No. 80/Chd/Hry/2018. The court noted that the existence of the prior CIRP proceedings made the current petition redundant.
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Radhika Carriers LLP filed CP (IB) No.…
CIRP proceedings…
The case pertains to CP (IB) No. 294/Chd/Hry/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. Radhika Carriers LLP, the operational creditor, filed the petition against Richa Industries Limited, the corporate debtor. However, CIRP proceedings had already commenced against Richa Industries Ltd. in CP (IB) No. 80/Chd/Hry/2018.
Radhika Carriers LLP, an operational creditor, filed CP (IB) No. 294/Chd/Hry/2018 against Richa Industries Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed because of an outstanding debt. However, prior to this petition, CIRP proceedings had already been initiated against Richa Industries Limited under CP (IB) No. 80/Chd/Hry/2018. The court noted that the existence of the prior CIRP proceedings made the current petition redundant.
Radhika Carriers LLP filed CP (IB) No.…
CIRP proceedings…