The matter concerns an application, C.P. (IB)/111(KB)2022, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). An earlier application, CP(IBC)/56(KB)2019, had already resulted in the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Financial Creditor in the matter is Axis Bank Limited, and the Corporate Debtor is Simplex Projects Ltd. The order was passed on May 20, 2022. The counsel for the Financial Creditor, Mr. Vikram Wadehra, appeared. The tribunal noted that because CIRP had already been initiated, the current application was rendered infructuous.

The matter concerns an application, C.P. (IB)/111(KB)2022, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). An earlier application, CP(IBC)/56(KB)2019, had already resulted in the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Financial Creditor in the matter is Axis Bank Limited, and the Corporate Debtor is Simplex Projects Ltd. The order was passed on May 20, 2022. The counsel for the Financial Creditor, Mr. Vikram Wadehra, appeared. The tribunal noted that because CIRP had already been initiated, the current application was rendered infructuous.