An application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by India Glycols Limited, an operational creditor, against Coromandel Agrico Pvt. Ltd., the corporate debtor.
India Glycols Limited, the operational creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 against Coromandel Agrico Pvt. Ltd., the corporate debtor. The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT). However, the NCLT had already passed an order in CP (IB) No.228/ALD/2018 admitting the corporate debtor into Corporate Insolvency Resolution Process (CIRP). This prior admission of CIRP rendered the current application infructuous.
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The order was…
The order…
An application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by India Glycols Limited, an operational creditor, against Coromandel Agrico Pvt. Ltd., the corporate debtor.
India Glycols Limited, the operational creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 against Coromandel Agrico Pvt. Ltd., the corporate debtor. The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT). However, the NCLT had already passed an order in CP (IB) No.228/ALD/2018 admitting the corporate debtor into Corporate Insolvency Resolution Process (CIRP). This prior admission of CIRP rendered the current application infructuous.
The order was…
The order…