The case involves an application (IA No.1214/2020) in a corporate insolvency resolution process (CIRP) under CP(IB) No.685/9/HDB/2019. The operational creditor, Sri Sai Traders, initiated the CIRP against the corporate debtor, SNS Starch Ltd. The corporate debtor has already been admitted into CIRP under CP(IB) No.663/9/HDB/2019.
Sri Sai Traders, the operational creditor, filed CP(IB) No.685/9/HDB/2019 against SNS Starch Ltd, the corporate debtor. The corporate debtor is already undergoing CIRP under CP(IB) No.663/9/HDB/2019, which was admitted on 22.03.2022. The Learned Counsel Shri G.Bupesh appeared for the operational creditor, and Learned Proxy Counsel Ms.Divya appeared for the corporate debtor via video conference. The court directed the operational creditor to approach the Interim Resolution Professional (IRP) and allowed the operational creditor 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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Hearing held on…
Corporate debtor put…
The case involves an application (IA No.1214/2020) in a corporate insolvency resolution process (CIRP) under CP(IB) No.685/9/HDB/2019. The operational creditor, Sri Sai Traders, initiated the CIRP against the corporate debtor, SNS Starch Ltd. The corporate debtor has already been admitted into CIRP under CP(IB) No.663/9/HDB/2019.
Sri Sai Traders, the operational creditor, filed CP(IB) No.685/9/HDB/2019 against SNS Starch Ltd, the corporate debtor. The corporate debtor is already undergoing CIRP under CP(IB) No.663/9/HDB/2019, which was admitted on 22.03.2022. The Learned Counsel Shri G.Bupesh appeared for the operational creditor, and Learned Proxy Counsel Ms.Divya appeared for the corporate debtor via video conference. The court directed the operational creditor to approach the Interim Resolution Professional (IRP) and allowed the operational creditor 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.
Hearing held on…
Corporate debtor put…