The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 by M/s. BSL Castings Pvt. Ltd. against M/s. S.D. Engineerstech Pvt. Ltd. The Operational Creditor filed the application seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. However, the Corporate Debtor was already subjected to CIRP in another case.
M/s. BSL Castings Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. S.D. Engineerstech Pvt. Ltd. The application was filed because M/s. S.D. Engineerstech Pvt. Ltd. allegedly defaulted on its debt to M/s. BSL Castings Pvt. Ltd. However, during the hearing, it was brought to the court's attention that M/s. S.D. Engineerstech Pvt. Ltd. was already subjected to CIRP vide order dated 06.10.2022 in Court No. IV, New Delhi in Company Petition No. (IB)-279/(ND)/2022 titled as M/s. Nancy Ispat Private Limited vs. M/s. S.D. Engineers Tech Private Limited. Advocate Srishti Bajpai appeared on behalf of the Corporate Debtor and submitted that the Corporate
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Corporate Debtor subjected to CIRP vide order…
Order delivered on…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 by M/s. BSL Castings Pvt. Ltd. against M/s. S.D. Engineerstech Pvt. Ltd. The Operational Creditor filed the application seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. However, the Corporate Debtor was already subjected to CIRP in another case.
M/s. BSL Castings Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. S.D. Engineerstech Pvt. Ltd. The application was filed because M/s. S.D. Engineerstech Pvt. Ltd. allegedly defaulted on its debt to M/s. BSL Castings Pvt. Ltd. However, during the hearing, it was brought to the court's attention that M/s. S.D. Engineerstech Pvt. Ltd. was already subjected to CIRP vide order dated 06.10.2022 in Court No. IV, New Delhi in Company Petition No. (IB)-279/(ND)/2022 titled as M/s. Nancy Ispat Private Limited vs. M/s. S.D. Engineers Tech Private Limited. Advocate Srishti Bajpai appeared on behalf of the Corporate Debtor and submitted that the Corporate
…Corporate Debtor subjected to CIRP vide order…
Order delivered on…