IDBI Capital Markets & Securities Ltd filed an application (C.P. (IB)/386(MB)2017) against NCR Rail Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC). Another application, MA(IBC)/1191(MB)2019, is also related to the case. The Corporate Debtor was absent during the hearing. The court disposed of both applications as infructuous due to the admission order passed in CP 1079/2022. The applicant is directed to put forth their claim before the IRP, subject to limitation, and is given liberty to revive the application if the Corporate Debtor settles with other creditors. The case is being heard by the Mumbai Bench of the National Company Law Tribunal (NCLT).

IDBI Capital Markets & Securities Ltd filed an application (C.P. (IB)/386(MB)2017) against NCR Rail Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC). Another application, MA(IBC)/1191(MB)2019, is also related to the case. The Corporate Debtor was absent during the hearing. The court disposed of both applications as infructuous due to the admission order passed in CP 1079/2022. The applicant is directed to put forth their claim before the IRP, subject to limitation, and is given liberty to revive the application if the Corporate Debtor settles with other creditors. The case is being heard by the Mumbai Bench of the National Company Law Tribunal (NCLT).