The petition filed by SBS Logistics Singapore Pte Ltd. against SBS Transpole Logistics Pvt. Ltd. became infructuous because the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, SBS Transpole Logistics Pvt. Ltd., had already been initiated in another petition, IB-1373(ND)2019, filed by M/s Advance Cargo Movers. The order for initiating CIRP in the other petition was passed on 04.09.2019.
SBS Logistics Singapore Pte Ltd. filed a petition against SBS Transpole Logistics Pvt. Ltd. The CIRP against SBS Transpole Logistics Pvt. Ltd. had already been initiated in Petition No. IB-1373(ND)2019 filed by M/s Advance Cargo Movers, with an order dated 04.09.2019. Ms. Asmita Singh, counsel for the applicant, wished to file an application as intervener in IB-1373(ND)2019, but this was declined. The order of admission of CIR against the Corporate Debtor has been admitted today in IB-1373(ND)2019. The applicant's prayer for appointment of IRP was noted, and an IRP has been appointed in the Petition No. IB-1373(ND)2019. The Applicant/Financial Creditor will be at liberty to seek revival of this Petition if the CIR Process in the IB-1373/ND/2019 is terminated.
Sign in to view the parties.
Order dated 04.09.2019 passed in…
Order delivered in…
The petition filed by SBS Logistics Singapore Pte Ltd. against SBS Transpole Logistics Pvt. Ltd. became infructuous because the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, SBS Transpole Logistics Pvt. Ltd., had already been initiated in another petition, IB-1373(ND)2019, filed by M/s Advance Cargo Movers. The order for initiating CIRP in the other petition was passed on 04.09.2019.
SBS Logistics Singapore Pte Ltd. filed a petition against SBS Transpole Logistics Pvt. Ltd. The CIRP against SBS Transpole Logistics Pvt. Ltd. had already been initiated in Petition No. IB-1373(ND)2019 filed by M/s Advance Cargo Movers, with an order dated 04.09.2019. Ms. Asmita Singh, counsel for the applicant, wished to file an application as intervener in IB-1373(ND)2019, but this was declined. The order of admission of CIR against the Corporate Debtor has been admitted today in IB-1373(ND)2019. The applicant's prayer for appointment of IRP was noted, and an IRP has been appointed in the Petition No. IB-1373(ND)2019. The Applicant/Financial Creditor will be at liberty to seek revival of this Petition if the CIR Process in the IB-1373/ND/2019 is terminated.
Order dated 04.09.2019 passed in…
Order delivered in…