Company Petition IB/53/2021 was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition involves Sri Lakshmi Venkateswara Traders as the operational creditor and SNS Starch Ltd as the corporate debtor. The corporate debtor has already been admitted into Corporate Insolvency Resolution Process (CIRP) under CP (IB) No.663/9/HDB/2019.
Sri Lakshmi Venkateswara Traders filed a Company Petition (IB/53/2021) against SNS Starch Ltd under Section 9 of the IBC, 2016. SNS Starch Ltd, the corporate debtor, is already undergoing Corporate Insolvency Resolution Process (CIRP) under CP (IB) No.663/9/HDB/2019. The operational creditor was not represented during the hearing. Learned Proxy Counsel Ms.Divya appeared for the corporate debtor via video conference. The court disposed of the petition, granting the operational creditor the liberty to seek restoration of the petition if the operational creditor in CP No.663/9/HDB/2019 withdraws the said Company Petition under a settlement.
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Attendance cum order sheet of the hearing held…
Corporate debtor put…
Company Petition IB/53/2021 was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition involves Sri Lakshmi Venkateswara Traders as the operational creditor and SNS Starch Ltd as the corporate debtor. The corporate debtor has already been admitted into Corporate Insolvency Resolution Process (CIRP) under CP (IB) No.663/9/HDB/2019.
Sri Lakshmi Venkateswara Traders filed a Company Petition (IB/53/2021) against SNS Starch Ltd under Section 9 of the IBC, 2016. SNS Starch Ltd, the corporate debtor, is already undergoing Corporate Insolvency Resolution Process (CIRP) under CP (IB) No.663/9/HDB/2019. The operational creditor was not represented during the hearing. Learned Proxy Counsel Ms.Divya appeared for the corporate debtor via video conference. The court disposed of the petition, granting the operational creditor the liberty to seek restoration of the petition if the operational creditor in CP No.663/9/HDB/2019 withdraws the said Company Petition under a settlement.
Attendance cum order sheet of the hearing held…
Corporate debtor put…