Corporation Bank filed an application/petition against M/s. Unnati Fortune Hotmart Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor, M/s. Unnati Fortune Hotmart Pvt. Ltd., had already been admitted into CIRP under C.P. No. (IB)-449(PB)/2018 on 11.06.2019. The petitioner in the present petition is directed to file its claim before the IRP. The order clarifies that if the order dated 11.06.2019 is set aside by the National Company Law Appellate Tribunal or a Superior Court, the petitioner has the liberty to file an appropriate application for revival of the petition.

Corporation Bank filed an application/petition against M/s. Unnati Fortune Hotmart Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor, M/s. Unnati Fortune Hotmart Pvt. Ltd., had already been admitted into CIRP under C.P. No. (IB)-449(PB)/2018 on 11.06.2019. The petitioner in the present petition is directed to file its claim before the IRP. The order clarifies that if the order dated 11.06.2019 is set aside by the National Company Law Appellate Tribunal or a Superior Court, the petitioner has the liberty to file an appropriate application for revival of the petition.