The document pertains to an order in the matter of IBA/381A/2019 before the National Company Law Tribunal (NCLT), Chennai Bench. The case involves I-NET SOLUTIONS as the petitioner and SANTOSH HOAPITALS PVT LTD as the respondent. The order relates to an application filed under Section 9 Rule 6 of the IBC. Another case, IBA/434/2019, filed by the Financial Creditor under Section 10 of the Code, was admitted.
The case involves an application IBA/381A/2019 filed by I-NET SOLUTIONS, an Operational Creditor, against SANTOSH HOAPITALS PVT LTD under Section 9 Rule 6 of the IBC. Simultaneously, a separate application IBA/434/2019 was filed by a Financial Creditor under Section 10 of the IBC. The NCLT admitted the application filed by the Financial Creditor (IBA/434/2019) and dismissed the application filed by the Operational Creditor (IBA/381A/2019). The Operational Creditor was directed to submit its claim to the IRP already appointed in the case filed by the Financial Creditor. This suggests that the NCLT prioritized the application of the Financial Creditor over that of the Operational Creditor.
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Hearing of Chennai…
The document pertains to an order in the matter of IBA/381A/2019 before the National Company Law Tribunal (NCLT), Chennai Bench. The case involves I-NET SOLUTIONS as the petitioner and SANTOSH HOAPITALS PVT LTD as the respondent. The order relates to an application filed under Section 9 Rule 6 of the IBC. Another case, IBA/434/2019, filed by the Financial Creditor under Section 10 of the Code, was admitted.
The case involves an application IBA/381A/2019 filed by I-NET SOLUTIONS, an Operational Creditor, against SANTOSH HOAPITALS PVT LTD under Section 9 Rule 6 of the IBC. Simultaneously, a separate application IBA/434/2019 was filed by a Financial Creditor under Section 10 of the IBC. The NCLT admitted the application filed by the Financial Creditor (IBA/434/2019) and dismissed the application filed by the Operational Creditor (IBA/381A/2019). The Operational Creditor was directed to submit its claim to the IRP already appointed in the case filed by the Financial Creditor. This suggests that the NCLT prioritized the application of the Financial Creditor over that of the Operational Creditor.
Hearing of Chennai…