The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The respondent's counsel stated that Court-1 of Ahmedabad had already admitted CP(IB) 249 of 2020 against the same Corporate Debtor, rendering the current application redundant. The Corporate Debtor's statement further supports the redundancy of the application.
Jushi India Fiberglass Pvt Ltd filed an application against Balaji Fiber Reinforce Pvt Ltd under Section 9 of the IBC. During the proceedings, the respondent's counsel informed the court that another application, CP(IB) 249 of 2020, against the same Corporate Debtor had already been admitted by Court-1 of Ahmedabad. The Corporate Debtor also made a statement supporting this fact. Consequently, the current application, CP(IB) 68 of 2021, was deemed redundant. The applicant was given the liberty to file a claim before the IRP appointed vide order dated 11.05.2022 and to revive the application if the order dated 11.05.2022 is set aside or CIRP is terminated by any other mode.
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Court-1 of Ahmedabad…
Order appoint…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The respondent's counsel stated that Court-1 of Ahmedabad had already admitted CP(IB) 249 of 2020 against the same Corporate Debtor, rendering the current application redundant. The Corporate Debtor's statement further supports the redundancy of the application.
Jushi India Fiberglass Pvt Ltd filed an application against Balaji Fiber Reinforce Pvt Ltd under Section 9 of the IBC. During the proceedings, the respondent's counsel informed the court that another application, CP(IB) 249 of 2020, against the same Corporate Debtor had already been admitted by Court-1 of Ahmedabad. The Corporate Debtor also made a statement supporting this fact. Consequently, the current application, CP(IB) 68 of 2021, was deemed redundant. The applicant was given the liberty to file a claim before the IRP appointed vide order dated 11.05.2022 and to revive the application if the order dated 11.05.2022 is set aside or CIRP is terminated by any other mode.
Court-1 of Ahmedabad…
Order appoint…