The case pertains to a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Modern Syntex (India) Ltd. The matter is before the National Company Law Tribunal (NCLT), Jaipur Bench. The CIRP has already been initiated against the Corporate Debtor under CP No. (IB) 397(PB)2018, with Administrator of Specified Undertaking of Unit Trust of India Vs. Modern Syntex (India) Limited.
The Central Warehousing Corporation filed a case against M/s Modern Syntex (India) Ltd. under Section 9 of the IBC, 2016. However, CIRP had already been initiated against M/s Modern Syntex (India) Ltd. under CP No. (IB) 397(PB)2018. Neither the Operational Creditor (Central Warehousing Corporation) nor the Corporate Debtor (M/s Modern Syntex (India) Ltd.) appeared for the hearing. The order dated 28.03.2022 initiated CIRP against the Corporate Debtor.
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The Insolvency and…
CIRP initiated against…
The case pertains to a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Modern Syntex (India) Ltd. The matter is before the National Company Law Tribunal (NCLT), Jaipur Bench. The CIRP has already been initiated against the Corporate Debtor under CP No. (IB) 397(PB)2018, with Administrator of Specified Undertaking of Unit Trust of India Vs. Modern Syntex (India) Limited.
The Central Warehousing Corporation filed a case against M/s Modern Syntex (India) Ltd. under Section 9 of the IBC, 2016. However, CIRP had already been initiated against M/s Modern Syntex (India) Ltd. under CP No. (IB) 397(PB)2018. Neither the Operational Creditor (Central Warehousing Corporation) nor the Corporate Debtor (M/s Modern Syntex (India) Ltd.) appeared for the hearing. The order dated 28.03.2022 initiated CIRP against the Corporate Debtor.
The Insolvency and…
CIRP initiated against…