The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Solartex India Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Shri Tradco Deesan Private Limited (Corporate Debtor).
Solartex India Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Shri Tradco Deesan Private Limited, the Corporate Debtor. The petition was based on a Board Resolution dated 29.01.2018. However, the Adjudicating Authority had already initiated CIRP against the Corporate Debtor vide order dated 16.07.2020 in CP (IB) No.2361/MB.V/2019 and appointed Mr. Fanendra Harakchand Munot as the IRP. This prior initiation of CIRP rendered the present petition infructuous.
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Board Resolution passed by Solartex India…
CIRP initiated against…
The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Solartex India Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Shri Tradco Deesan Private Limited (Corporate Debtor).
Solartex India Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Shri Tradco Deesan Private Limited, the Corporate Debtor. The petition was based on a Board Resolution dated 29.01.2018. However, the Adjudicating Authority had already initiated CIRP against the Corporate Debtor vide order dated 16.07.2020 in CP (IB) No.2361/MB.V/2019 and appointed Mr. Fanendra Harakchand Munot as the IRP. This prior initiation of CIRP rendered the present petition infructuous.
Board Resolution passed by Solartex India…
CIRP initiated against…