Sanjay Bahl and Sangeetha Bahl filed a petition against Umang Realtech Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. Another petition, Rachna Singh & Anr. vs Umang Realtech Pvt. Ltd., was admitted on August 20, 2019. The court noted that Section 11 of the Code, 2016, prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing one. The petitioners are entitled to file their claim before the Insolvency Professional, Shri Manish Kumar Gupta. If the Appellate Tribunal sets aside the order dated August 20, 2019, the petitioners can file for revival or a fresh petition.

Sanjay Bahl and Sangeetha Bahl filed a petition against Umang Realtech Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. Another petition, Rachna Singh & Anr. vs Umang Realtech Pvt. Ltd., was admitted on August 20, 2019. The court noted that Section 11 of the Code, 2016, prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing one. The petitioners are entitled to file their claim before the Insolvency Professional, Shri Manish Kumar Gupta. If the Appellate Tribunal sets aside the order dated August 20, 2019, the petitioners can file for revival or a fresh petition.