IIFCL Asset Management Company Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Feedback Infra Pvt. Ltd., the Corporate Debtor. The application was filed due to the Corporate Debtor's alleged default. However, another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted, and CIRP had commenced against the same Corporate Debtor.
IIFCL Asset Management Company Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Feedback Infra Pvt. Ltd. The basis for the application was the alleged default by Feedback Infra Pvt. Ltd. However, prior to this application, another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted by the Tribunal, and CIRP had commenced against Feedback Infra Pvt. Ltd. Mr. Rajneesh Kumar Aggarwal had been appointed as the Interim Resolution Professional (IRP) in the ongoing CIRP. The key fact is the existence of a prior admitted petition and the commencement of CIRP against the same Corporate Debtor.
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Company Petition No. (IB)-545(ND)/2023…
The Tribunal passed an order admitting…
IIFCL Asset Management Company Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Feedback Infra Pvt. Ltd., the Corporate Debtor. The application was filed due to the Corporate Debtor's alleged default. However, another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted, and CIRP had commenced against the same Corporate Debtor.
IIFCL Asset Management Company Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Feedback Infra Pvt. Ltd. The basis for the application was the alleged default by Feedback Infra Pvt. Ltd. However, prior to this application, another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted by the Tribunal, and CIRP had commenced against Feedback Infra Pvt. Ltd. Mr. Rajneesh Kumar Aggarwal had been appointed as the Interim Resolution Professional (IRP) in the ongoing CIRP. The key fact is the existence of a prior admitted petition and the commencement of CIRP against the same Corporate Debtor.
Company Petition No. (IB)-545(ND)/2023…
The Tribunal passed an order admitting…