The case involves a Section 7 application under the Insolvency and Bankruptcy Code (IBC), 2016. The Financial Creditor's counsel submitted that the Corporate Debtor is already undergoing Corporate Insolvency Resolution Process (CIRP) under an order dated 13.05.2019 by the Principal Bench in CP No. 1747 of 2018.
The Financial Creditor filed a Section 7 application under the IBC, 2016, against Earth Buildprop Pvt. Ltd. However, the Corporate Debtor was already subjected to CIRP vide order dated 13.05.2019 by the Principal Bench in CP No. 1747 of 2018. The Financial Creditor had already filed their claim with the IRP. Due to the ongoing CIRP, the Section 7 application became infructuous.
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CIRP initiated against…
Order passed by the…
The case involves a Section 7 application under the Insolvency and Bankruptcy Code (IBC), 2016. The Financial Creditor's counsel submitted that the Corporate Debtor is already undergoing Corporate Insolvency Resolution Process (CIRP) under an order dated 13.05.2019 by the Principal Bench in CP No. 1747 of 2018.
The Financial Creditor filed a Section 7 application under the IBC, 2016, against Earth Buildprop Pvt. Ltd. However, the Corporate Debtor was already subjected to CIRP vide order dated 13.05.2019 by the Principal Bench in CP No. 1747 of 2018. The Financial Creditor had already filed their claim with the IRP. Due to the ongoing CIRP, the Section 7 application became infructuous.
CIRP initiated against…
Order passed by the…