A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd. During the proceedings, it was brought to the court's attention that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.
A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd.
Ld. Counsel representing the financial creditor (Cheer Breweries Ltd.) was present physically during the hearing.
It was brought to the court's notice that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.
The court was provided with a list detailing these 15 petitions, including their case titles, numbers, and the benches where they are pending.
The court determined that all these matters are related to one corporate debtor and should be heard by a single Court/Bench for effective management.
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Order delivered in the matter of Cheer…
Tentative date fixed for further proceedings…
A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd. During the proceedings, it was brought to the court's attention that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.
A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd.
Ld. Counsel representing the financial creditor (Cheer Breweries Ltd.) was present physically during the hearing.
It was brought to the court's notice that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.
The court was provided with a list detailing these 15 petitions, including their case titles, numbers, and the benches where they are pending.
The court determined that all these matters are related to one corporate debtor and should be heard by a single Court/Bench for effective management.
…Order delivered in the matter of Cheer…
Tentative date fixed for further proceedings…