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 application was based on the corporate debtor's alleged default. However, prior to this application, 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 was appointed as the Interim Resolution Professional (IRP) in the prior CIRP. The key fact is the existence of a prior, ongoing CIRP against the same corporate debtor, which influenced the court's decision to dispose of the current application while allowing the applicant to participate in the existing CIRP.

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 application was based on the corporate debtor's alleged default. However, prior to this application, 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 was appointed as the Interim Resolution Professional (IRP) in the prior CIRP. The key fact is the existence of a prior, ongoing CIRP against the same corporate debtor, which influenced the court's decision to dispose of the current application while allowing the applicant to participate in the existing CIRP.