The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The matter, CP (IB) No.268/ALD/2018, was filed by Jai Narayan, an operational creditor, against M/S Juggilal Kamlapat Jute Mills Company Ltd. (now Geo Jute Limited), the corporate debtor. The matter was reserved on December 20, 2023, for pronouncement. Another related case, CP (IB) No.280/ALD/2018, titled Devi Prasad v/s M/S Juggilal Kamlapat Jute Mills Co. Ltd., was also reserved. The judgment in the Devi Prasad case was pronounced on January 19, 2023, admitting the petition and initiating CIRP against the same corporate debtor.
Jai Narayan, an operational creditor, filed a company petition (CP (IB) No.268/ALD/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Juggilal Kamlapat Jute Mills Company Ltd. (now Geo Jute Limited), the corporate debtor. The matter was reserved for pronouncement on December 20, 2023. Prior to this, another petition (CP (IB) No.280/ALD/2018) filed by Devi Prasad against the same corporate debtor had already been admitted on January 19, 2023, and CIRP was initiated. The court considered the present petition in light of the existing CIRP against the same corporate debtor. The key fact is that CIRP had already been initiated against the same corporate debtor in another case, rendering the present petition infructuous.
Sign in to view the parties.
CP (IB) No.268/ALD/2018…
Judgment in CP (IB) No.280/ALD/2018 (Devi Prasad…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The matter, CP (IB) No.268/ALD/2018, was filed by Jai Narayan, an operational creditor, against M/S Juggilal Kamlapat Jute Mills Company Ltd. (now Geo Jute Limited), the corporate debtor. The matter was reserved on December 20, 2023, for pronouncement. Another related case, CP (IB) No.280/ALD/2018, titled Devi Prasad v/s M/S Juggilal Kamlapat Jute Mills Co. Ltd., was also reserved. The judgment in the Devi Prasad case was pronounced on January 19, 2023, admitting the petition and initiating CIRP against the same corporate debtor.
Jai Narayan, an operational creditor, filed a company petition (CP (IB) No.268/ALD/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Juggilal Kamlapat Jute Mills Company Ltd. (now Geo Jute Limited), the corporate debtor. The matter was reserved for pronouncement on December 20, 2023. Prior to this, another petition (CP (IB) No.280/ALD/2018) filed by Devi Prasad against the same corporate debtor had already been admitted on January 19, 2023, and CIRP was initiated. The court considered the present petition in light of the existing CIRP against the same corporate debtor. The key fact is that CIRP had already been initiated against the same corporate debtor in another case, rendering the present petition infructuous.
CP (IB) No.268/ALD/2018…
Judgment in CP (IB) No.280/ALD/2018 (Devi Prasad…