The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s Swastik Sales and Services for initiating the Corporate Insolvency Resolution Process (CIRP) against M/s Nikhil Footwears Private Limited, the respondent Corporate Debtor. Another application under Section 9 of the Insolvency and Bankruptcy Code, 2016, in the matter of IB-2032/ND/2019 has already been admitted, initiating CIRP against the same respondent.
M/s Swastik Sales and Services filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Nikhil Footwears Private Limited. However, another application, IB-2032/ND/2019, under the same section of the same code, had already been admitted, and CIRP had been initiated against M/s Nikhil Footwears Private Limited. This prior admission rendered the subsequent application by M/s Swastik Sales and Services infructuous, as the CIRP was already in progress.
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Application filed under Section 9 of the…
Another application (IB-2032/ND/2019) filed…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s Swastik Sales and Services for initiating the Corporate Insolvency Resolution Process (CIRP) against M/s Nikhil Footwears Private Limited, the respondent Corporate Debtor. Another application under Section 9 of the Insolvency and Bankruptcy Code, 2016, in the matter of IB-2032/ND/2019 has already been admitted, initiating CIRP against the same respondent.
M/s Swastik Sales and Services filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Nikhil Footwears Private Limited. However, another application, IB-2032/ND/2019, under the same section of the same code, had already been admitted, and CIRP had been initiated against M/s Nikhil Footwears Private Limited. This prior admission rendered the subsequent application by M/s Swastik Sales and Services infructuous, as the CIRP was already in progress.
Application filed under Section 9 of the…
Another application (IB-2032/ND/2019) filed…