The case involves Timken India Ltd V/s Steelco Gujarat Ltd. An IB Petition i.e. C.P. (I.B) 342/2020 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, has already been admitted on 31.12.2020 against the same Corporate Debtor. Advocate, Ms. Rhea appeared on behalf of advocate, Mr. Arjun Sheth for the Respondent. Advocate, Mr. Bhargav appeared on behalf of Petitioner. The advocates representing both sides acknowledged the prior admission of the other IB Petition. The instant application, C.P. (I.B) 240/2020, was subsequently dismissed as infructuous.

The case involves Timken India Ltd V/s Steelco Gujarat Ltd. An IB Petition i.e. C.P. (I.B) 342/2020 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, has already been admitted on 31.12.2020 against the same Corporate Debtor. Advocate, Ms. Rhea appeared on behalf of advocate, Mr. Arjun Sheth for the Respondent. Advocate, Mr. Bhargav appeared on behalf of Petitioner. The advocates representing both sides acknowledged the prior admission of the other IB Petition. The instant application, C.P. (I.B) 240/2020, was subsequently dismissed as infructuous.