The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Forge India Pvt. Ltd. Aarti Steels Ltd., the petitioner/operational creditor, filed a petition under Section 9 of the IBC 2016. The CIRP proceedings were already initiated against the respondent/corporate debtor, Forge India Pvt. Ltd., vide order dated 12.01.2022 in CP(IB) No. 588/Chd/HP/2020.
Aarti Steels Ltd. filed a petition against Forge India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. Corporate Insolvency Resolution Process (CIRP) proceedings had already been initiated against Forge India Pvt. Ltd. via an order dated 2022-01-12 in CP(IB) No. 588/Chd/HP/2020. Aarti Steels Ltd. sought to withdraw the present petition to file a claim before the Interim Resolution Professional/Resolution Professional. The court dismissed the petition as withdrawn.
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An order was passed by the Bench in CP(IB)…
The present petition filed by Aarti Steels…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Forge India Pvt. Ltd. Aarti Steels Ltd., the petitioner/operational creditor, filed a petition under Section 9 of the IBC 2016. The CIRP proceedings were already initiated against the respondent/corporate debtor, Forge India Pvt. Ltd., vide order dated 12.01.2022 in CP(IB) No. 588/Chd/HP/2020.
Aarti Steels Ltd. filed a petition against Forge India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. Corporate Insolvency Resolution Process (CIRP) proceedings had already been initiated against Forge India Pvt. Ltd. via an order dated 2022-01-12 in CP(IB) No. 588/Chd/HP/2020. Aarti Steels Ltd. sought to withdraw the present petition to file a claim before the Interim Resolution Professional/Resolution Professional. The court dismissed the petition as withdrawn.
An order was passed by the Bench in CP(IB)…
The present petition filed by Aarti Steels…