The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Uflex Limited, initiated proceedings against the Corporate Debtor, Hansraj Agrofresh Private Limited. The order was reserved on January 18, 2022, and pronounced on January 31, 2022.
Uflex Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Hansraj Agrofresh Private Limited, the Corporate Debtor. The case was registered as CP (IB) No. 410/ALD/2019. Prior to the pronouncement of the order in this case, another order, CP (IB) No. 377/ALD/2019, was passed, admitting the Corporate Debtor into the Corporate Insolvency Resolution Process (CIRP). As a result, the court found the current application to be infructuous. The Operational Creditor was directed to file its claim with the IRP/RP. The court also provided that if the CIRP is set aside by any authority, the Operational Creditor is at liberty to revive the petition.
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The order in the case…
The order in the case…
The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Uflex Limited, initiated proceedings against the Corporate Debtor, Hansraj Agrofresh Private Limited. The order was reserved on January 18, 2022, and pronounced on January 31, 2022.
Uflex Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Hansraj Agrofresh Private Limited, the Corporate Debtor. The case was registered as CP (IB) No. 410/ALD/2019. Prior to the pronouncement of the order in this case, another order, CP (IB) No. 377/ALD/2019, was passed, admitting the Corporate Debtor into the Corporate Insolvency Resolution Process (CIRP). As a result, the court found the current application to be infructuous. The Operational Creditor was directed to file its claim with the IRP/RP. The court also provided that if the CIRP is set aside by any authority, the Operational Creditor is at liberty to revive the petition.
The order in the case…
The order in the case…