The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Rajendra Kumar Sahoo against M/s. Mideast Integrated Steels Ltd, the Corporate Debtor. The Tribunal considered the petition but found that another petition, M/s. Silver Bank Ltd. v. M/s. Mideast Integrated Steels Ltd., [IB-21/ND/2022], had already been admitted against the same Corporate Debtor, and CIRP had been initiated.
Mr. Rajendra Kumar Sahoo filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Mideast Integrated Steels Ltd. The Tribunal noted that another petition, M/s. Silver Bank Ltd. v. M/s. Mideast Integrated Steels Ltd., had already been admitted, and a Corporate Insolvency Resolution Process (CIRP) had been initiated against M/s. Mideast Integrated Steels Ltd. based on the earlier petition. The order for the prior petition was dated 2023-05-24. The Tribunal then dismissed Mr. Sahoo's petition, stating that a CIRP cannot be initiated against a corporate debtor already undergoing a CIRP. Mr. Sahoo was informed that he could file his claim with the Insolvency Professional, Mr. Atul Kumar Kansal.
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The Tribunal admitted the petition of M/s.…
The Tribunal dismissed the petition of Mr.…
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Rajendra Kumar Sahoo against M/s. Mideast Integrated Steels Ltd, the Corporate Debtor. The Tribunal considered the petition but found that another petition, M/s. Silver Bank Ltd. v. M/s. Mideast Integrated Steels Ltd., [IB-21/ND/2022], had already been admitted against the same Corporate Debtor, and CIRP had been initiated.
Mr. Rajendra Kumar Sahoo filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Mideast Integrated Steels Ltd. The Tribunal noted that another petition, M/s. Silver Bank Ltd. v. M/s. Mideast Integrated Steels Ltd., had already been admitted, and a Corporate Insolvency Resolution Process (CIRP) had been initiated against M/s. Mideast Integrated Steels Ltd. based on the earlier petition. The order for the prior petition was dated 2023-05-24. The Tribunal then dismissed Mr. Sahoo's petition, stating that a CIRP cannot be initiated against a corporate debtor already undergoing a CIRP. Mr. Sahoo was informed that he could file his claim with the Insolvency Professional, Mr. Atul Kumar Kansal.
The Tribunal admitted the petition of M/s.…
The Tribunal dismissed the petition of Mr.…
Sign in to view related legal provisions.