The application was filed by Babulal Mahawar under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against TGB Realty Pvt. Ltd.
Babulal Mahawar filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against TGB Realty Pvt. Ltd. However, the court observed that a CIRP had already been initiated against TGB Realty Pvt. Ltd. in another case, Archana Narang vs. TGB Realty Pvt. Ltd., under IB-381/(ND)/2019, with an order passed on 2019-05-23. The Interim Resolution Professional (IRP) appointed for TGB Realty Pvt. Ltd. is Mr. Ajay Gupta. The court considered the current application redundant due to the existing CIRP.
Sign in to view the parties.
The Insolvency and…
Order passed in IB-381/(ND)/2019, Archana…
The application was filed by Babulal Mahawar under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against TGB Realty Pvt. Ltd.
Babulal Mahawar filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against TGB Realty Pvt. Ltd. However, the court observed that a CIRP had already been initiated against TGB Realty Pvt. Ltd. in another case, Archana Narang vs. TGB Realty Pvt. Ltd., under IB-381/(ND)/2019, with an order passed on 2019-05-23. The Interim Resolution Professional (IRP) appointed for TGB Realty Pvt. Ltd. is Mr. Ajay Gupta. The court considered the current application redundant due to the existing CIRP.
The Insolvency and…
Order passed in IB-381/(ND)/2019, Archana…