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. This made the current application redundant.
Jushi India Fiberglass Pvt Ltd filed an application against Balaji Fiber Reinforce Pvt Ltd under Section 9 of the IBC. 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 on 11.05.2022. The Corporate Debtor's statement confirmed this, rendering the current application, CP(IB) 68 of 2021, redundant. The applicant was granted liberty to file a claim before the IRP appointed vide order dated 11.05.2022 and to revive the present application if the order dated 11.05.2022 is set aside or CIRP is terminated.
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CP(IB) 249 of 2020 was…
Court-1 of Ahmedabad…
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. This made the current application redundant.
Jushi India Fiberglass Pvt Ltd filed an application against Balaji Fiber Reinforce Pvt Ltd under Section 9 of the IBC. 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 on 11.05.2022. The Corporate Debtor's statement confirmed this, rendering the current application, CP(IB) 68 of 2021, redundant. The applicant was granted liberty to file a claim before the IRP appointed vide order dated 11.05.2022 and to revive the present application if the order dated 11.05.2022 is set aside or CIRP is terminated.
CP(IB) 249 of 2020 was…
Court-1 of Ahmedabad…