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 Operational Creditor and Corporate Debtor were represented by CS Mr. Pratik Tripathi and Senior Counsel Mr. Vijayesh Atre, respectively.
Munnalal Pannalal Construction Pvt Ltd filed a case against SRK Devbuild Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code. During the hearing, it was brought to the court's attention that a CIRP had already been initiated against SRK Devbuild Pvt Ltd vide order dated 03.01.2020 in CP (IB) 370 of 2018. The Operational Creditor, Munnalal Pannalal Construction Pvt Ltd, was then given the liberty to approach the RP/IRP in the existing CIRP to file their claim. The court also stated that if the CIRP is set aside, the Operational Creditor is at liberty to revive the current proceeding.
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CIRP initiated against the Corporate Debtor vide…
The NCLT disposed of the proceeding, granting…
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 Operational Creditor and Corporate Debtor were represented by CS Mr. Pratik Tripathi and Senior Counsel Mr. Vijayesh Atre, respectively.
Munnalal Pannalal Construction Pvt Ltd filed a case against SRK Devbuild Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code. During the hearing, it was brought to the court's attention that a CIRP had already been initiated against SRK Devbuild Pvt Ltd vide order dated 03.01.2020 in CP (IB) 370 of 2018. The Operational Creditor, Munnalal Pannalal Construction Pvt Ltd, was then given the liberty to approach the RP/IRP in the existing CIRP to file their claim. The court also stated that if the CIRP is set aside, the Operational Creditor is at liberty to revive the current proceeding.
CIRP initiated against the Corporate Debtor vide…
The NCLT disposed of the proceeding, granting…