The case involves an application filed by Turtle Book Private Limited, the corporate debtor, under Section 10 of the Insolvency & Bankruptcy Code (IBC). An application under Section 9 of IBC was already admitted against the corporate debtor.
Turtle Book Private Limited, the corporate debtor, filed an application under Section 10 of the Insolvency & Bankruptcy Code. Prior to this, an application under Section 9 of the IBC was filed by an operational creditor, C.P.No.(IB)-800(ND)/2020, against Turtle Book Pvt. Ltd. This Section 9 application was admitted on 19.01.2021, initiating the Corporate Insolvency Resolution Process (CIRP). The corporate debtor's application under Section 10 sought the same prayer as the admitted Section 9 application. The relevance of the Section 9 application being admitted is that it initiates CIRP, which addresses the issues the Section 10 application intended to address.
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Application filed under Section 9 by…
Order delivered on…
The case involves an application filed by Turtle Book Private Limited, the corporate debtor, under Section 10 of the Insolvency & Bankruptcy Code (IBC). An application under Section 9 of IBC was already admitted against the corporate debtor.
Turtle Book Private Limited, the corporate debtor, filed an application under Section 10 of the Insolvency & Bankruptcy Code. Prior to this, an application under Section 9 of the IBC was filed by an operational creditor, C.P.No.(IB)-800(ND)/2020, against Turtle Book Pvt. Ltd. This Section 9 application was admitted on 19.01.2021, initiating the Corporate Insolvency Resolution Process (CIRP). The corporate debtor's application under Section 10 sought the same prayer as the admitted Section 9 application. The relevance of the Section 9 application being admitted is that it initiates CIRP, which addresses the issues the Section 10 application intended to address.
Application filed under Section 9 by…
Order delivered on…