Prayag Polytech Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sumeru Processors Pvt. Ltd. However, a similar petition against the same corporate debtor, Sumeru Processors Pvt. Ltd., filed by Enkay (India) Rubber Co. Pvt. Ltd. had already been admitted. The order was passed on 15.04.2019.
Prayag Polytech Pvt. Ltd. filed a petition against Sumeru Processors Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Prior to this petition, Enkay (India) Rubber Co. Pvt. Ltd. had already initiated a CIRP against Sumeru Processors Pvt. Ltd., and the petition was admitted on 15.04.2019. Section 11 of the IBC prohibits initiating another CIRP against a corporate debtor already undergoing one. The Insolvency Professional was Mr. Vijender Sharma.
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Enkay (India) Rubber Co. Pvt. Ltd. filed a…
The petition filed by Enkay (India) Rubber Co.…
Prayag Polytech Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sumeru Processors Pvt. Ltd. However, a similar petition against the same corporate debtor, Sumeru Processors Pvt. Ltd., filed by Enkay (India) Rubber Co. Pvt. Ltd. had already been admitted. The order was passed on 15.04.2019.
Prayag Polytech Pvt. Ltd. filed a petition against Sumeru Processors Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Prior to this petition, Enkay (India) Rubber Co. Pvt. Ltd. had already initiated a CIRP against Sumeru Processors Pvt. Ltd., and the petition was admitted on 15.04.2019. Section 11 of the IBC prohibits initiating another CIRP against a corporate debtor already undergoing one. The Insolvency Professional was Mr. Vijender Sharma.
Enkay (India) Rubber Co. Pvt. Ltd. filed a…
The petition filed by Enkay (India) Rubber Co.…