The case involves an application, IA No.1217/2020, in connection with CP(IB) No.689/9/HDB/2019 under Section 9 of the IBC, 2016. The matter concerns Vardhan Traders, the Operational Creditor, and SNS Starch Ltd, the Corporate Debtor. The corporate debtor has been put into CIRP in CP (IB) No.663/9/HDB/2019.
Vardhan Traders is the Operational Creditor in CP(IB) No.689/9/HDB/2019 against SNS Starch Ltd, the Corporate Debtor. The Corporate Debtor has already been admitted into CIRP under CP (IB) No.663/9/HDB/2019 on 22.03.2022. The Learned Counsel for the Operational Creditor is directed to approach the Interim Resolution Professional (IRP). The current petition, CP (IB) No.689/9/HDB/2019, is disposed of with the liberty to the operational creditor to seek restoration if the operational creditor in CP No.663/9/HDB/2019 withdraws the said Company Petition under a settlement. This fact is relevant because it links the outcome of the current petition to the resolution of another CIRP proceeding involving the same corporate debtor.
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Hearing held on…
Corporate debtor put…
The case involves an application, IA No.1217/2020, in connection with CP(IB) No.689/9/HDB/2019 under Section 9 of the IBC, 2016. The matter concerns Vardhan Traders, the Operational Creditor, and SNS Starch Ltd, the Corporate Debtor. The corporate debtor has been put into CIRP in CP (IB) No.663/9/HDB/2019.
Vardhan Traders is the Operational Creditor in CP(IB) No.689/9/HDB/2019 against SNS Starch Ltd, the Corporate Debtor. The Corporate Debtor has already been admitted into CIRP under CP (IB) No.663/9/HDB/2019 on 22.03.2022. The Learned Counsel for the Operational Creditor is directed to approach the Interim Resolution Professional (IRP). The current petition, CP (IB) No.689/9/HDB/2019, is disposed of with the liberty to the operational creditor to seek restoration if the operational creditor in CP No.663/9/HDB/2019 withdraws the said Company Petition under a settlement. This fact is relevant because it links the outcome of the current petition to the resolution of another CIRP proceeding involving the same corporate debtor.
Hearing held on…
Corporate debtor put…