The case involves Munnalal Pannalal Construction Pvt Ltd V/s SRK Devbuild Pvt Ltd before the National Company Law Tribunal (NCLT), Indore Bench at Ahmedabad. The matter pertains to an application under Section 9 of the Insolvency & Bankruptcy Code. The hearing took place on June 11, 2020.
The case involves Munnalal Pannalal Construction Pvt Ltd as the Operational Creditor and SRK Devbuild Pvt Ltd as the Corporate Debtor. The matter was brought before the NCLT, Indore Bench, under Section 9 of the Insolvency & Bankruptcy Code. During the proceedings, it was brought to the court's notice that a CIRP had already been initiated against the Corporate Debtor, SRK Devbuild Pvt Ltd, via an order dated 03.01.2020 in CP (IB) 370 of 2018. This existing CIRP significantly influenced the court's decision.
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CIRP against the Corporate Debtor was…
Hearing of the Indore…
The case involves Munnalal Pannalal Construction Pvt Ltd V/s SRK Devbuild Pvt Ltd before the National Company Law Tribunal (NCLT), Indore Bench at Ahmedabad. The matter pertains to an application under Section 9 of the Insolvency & Bankruptcy Code. The hearing took place on June 11, 2020.
The case involves Munnalal Pannalal Construction Pvt Ltd as the Operational Creditor and SRK Devbuild Pvt Ltd as the Corporate Debtor. The matter was brought before the NCLT, Indore Bench, under Section 9 of the Insolvency & Bankruptcy Code. During the proceedings, it was brought to the court's notice that a CIRP had already been initiated against the Corporate Debtor, SRK Devbuild Pvt Ltd, via an order dated 03.01.2020 in CP (IB) 370 of 2018. This existing CIRP significantly influenced the court's decision.
CIRP against the Corporate Debtor was…
Hearing of the Indore…