Col. Dinesh Kumar Verma, acting as the applicant and financial creditor, filed a company petition against M/S Sarvottam Realcon Pvt. Ltd., the respondent and corporate debtor, under Section 7 of the Insolvency & Bankruptcy Code. The petition was registered as CP No. (IB)-901/(ND)/2020. The court admitted the application on 09.07.2021, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The applicant is permitted to file a claim before the Interim Resolution Professional (IRP). The order clarifies that if the CIRP order is set aside for any reason, the applicant retains the right to take recourse under the law.

Col. Dinesh Kumar Verma, acting as the applicant and financial creditor, filed a company petition against M/S Sarvottam Realcon Pvt. Ltd., the respondent and corporate debtor, under Section 7 of the Insolvency & Bankruptcy Code. The petition was registered as CP No. (IB)-901/(ND)/2020. The court admitted the application on 09.07.2021, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The applicant is permitted to file a claim before the Interim Resolution Professional (IRP). The order clarifies that if the CIRP order is set aside for any reason, the applicant retains the right to take recourse under the law.