The case pertains to Company Petition (IB) No. 222/KB/2023 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. An earlier order dated 08/01/2024 in Company Petition (IB) No. 238/KB/2023 filed by Canara Bank, under Section 7 of the Insolvency and Bankruptcy Code, 2016, admitted the petition and put Birbhum Chemicals and Fertilisers Ltd. under Corporate Insolvency Resolution Process.
Mr. Jashim Mondal, the Operational Creditor/Applicant, filed Company Petition (IB) No. 222/KB/2023 against Birbhum Chemicals and Fertilisers Ltd., the Corporate Guarantor/Respondent. Subsequently, Canara Bank filed Company Petition (IB) No. 238/KB/2023 under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted by the Adjudicating Authority. This admission placed Birbhum Chemicals and Fertilisers Ltd. under Corporate Insolvency Resolution Process. Consequently, the court found that the initial application (IB No. 222/KB/2023) had become infructuous.
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An Order dated 08/01/2024 was issued in…
The court dismissed Company Petition (IB) No.…
The case pertains to Company Petition (IB) No. 222/KB/2023 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. An earlier order dated 08/01/2024 in Company Petition (IB) No. 238/KB/2023 filed by Canara Bank, under Section 7 of the Insolvency and Bankruptcy Code, 2016, admitted the petition and put Birbhum Chemicals and Fertilisers Ltd. under Corporate Insolvency Resolution Process.
Mr. Jashim Mondal, the Operational Creditor/Applicant, filed Company Petition (IB) No. 222/KB/2023 against Birbhum Chemicals and Fertilisers Ltd., the Corporate Guarantor/Respondent. Subsequently, Canara Bank filed Company Petition (IB) No. 238/KB/2023 under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted by the Adjudicating Authority. This admission placed Birbhum Chemicals and Fertilisers Ltd. under Corporate Insolvency Resolution Process. Consequently, the court found that the initial application (IB No. 222/KB/2023) had become infructuous.
An Order dated 08/01/2024 was issued in…
The court dismissed Company Petition (IB) No.…