The National Company Law Tribunal (NCLT), Amaravati Bench, convened a hearing on March 16, 2022, for CP (IB) No.74/9/AMR/2020, an insolvency application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). Surajmal Ramprasad is the applicant, while Sri Lakshmi Srinivasa Jute Mills Pvt Ltd is the respondent. The tribunal had already admitted CP (IB) No.73/9/AMR/2020. Consequently, the tribunal closed CP (IB) No.74/9/AMR/2020, granting the Operational Creditor the liberty to submit their claim before the Interim Resolution Professional (IRP) appointed in CP (IB) No.73/9/AMR/2020. The key fact is the closure of CP (IB) No.74/9/AMR/2020 and the direction to the Operational Creditor to file their claim in the other ongoing insolvency process.

The National Company Law Tribunal (NCLT), Amaravati Bench, convened a hearing on March 16, 2022, for CP (IB) No.74/9/AMR/2020, an insolvency application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). Surajmal Ramprasad is the applicant, while Sri Lakshmi Srinivasa Jute Mills Pvt Ltd is the respondent. The tribunal had already admitted CP (IB) No.73/9/AMR/2020. Consequently, the tribunal closed CP (IB) No.74/9/AMR/2020, granting the Operational Creditor the liberty to submit their claim before the Interim Resolution Professional (IRP) appointed in CP (IB) No.73/9/AMR/2020. The key fact is the closure of CP (IB) No.74/9/AMR/2020 and the direction to the Operational Creditor to file their claim in the other ongoing insolvency process.