IIFCL Asset Management Company Limited, acting as a financial creditor, initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Feedback Infra Private Limited, the corporate debtor. The application aimed to trigger the Corporate Insolvency Resolution Process (CIRP). However, the NCLT noted that another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted against Feedback Infra Private Limited, and an Interim Resolution Professional (IRP), Mr. Rajneesh Kumar Aggarwal, had been appointed. Given the ongoing CIRP under the other petition, the NCLT disposed of the current application, granting IIFCL Asset Management Company Limited the liberty to file its claim with the IRP in the existing CIRP.

IIFCL Asset Management Company Limited, acting as a financial creditor, initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Feedback Infra Private Limited, the corporate debtor. The application aimed to trigger the Corporate Insolvency Resolution Process (CIRP). However, the NCLT noted that another petition, Company Petition No. (IB)-545(ND)/2023, had already been admitted against Feedback Infra Private Limited, and an Interim Resolution Professional (IRP), Mr. Rajneesh Kumar Aggarwal, had been appointed. Given the ongoing CIRP under the other petition, the NCLT disposed of the current application, granting IIFCL Asset Management Company Limited the liberty to file its claim with the IRP in the existing CIRP.