M/s. Singh Fashion Fabrics is the operational creditor, and M/s. AD Victoriam Ventures Pvt. Ltd is the corporate debtor. An order dated 21.10.2019 initiated the CIRP against the corporate debtor. The petition was disposed of with a direction to the operational creditor to file the claim before the IRP without any delay. The operational creditor was granted liberty to revive/restore the petition if a compromise is not reached between the corporate debtor and other creditors. The order dated 21.11.2019 was set aside in appeal. The case is under Section 9 of the IBC code 2016.

M/s. Singh Fashion Fabrics is the operational creditor, and M/s. AD Victoriam Ventures Pvt. Ltd is the corporate debtor. An order dated 21.10.2019 initiated the CIRP against the corporate debtor. The petition was disposed of with a direction to the operational creditor to file the claim before the IRP without any delay. The operational creditor was granted liberty to revive/restore the petition if a compromise is not reached between the corporate debtor and other creditors. The order dated 21.11.2019 was set aside in appeal. The case is under Section 9 of the IBC code 2016.