Tribunals and CommissionsDivision Bench

Rachit Ahuwalia vs M/s A.M. Vinyl Pvt. Ltd.

National Company Law Appellate Tribunal · Decided on 4 September 2019 · Citation: (2019) 09 NCLT CK 0073

HON’BLE JUDGES
Dr. Deepti Mukesh, J · Hemant Kumar Sarangi, Member (Technical)
ACTS & SECTIONS REFERRED
Insolvency And Bankruptcy Code, 2016 — Section 11
RESULT
Disposed Of
CASE NUMBER
Company Petition No. IB-1309/ND Of 2019
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Judgment

10 paragraphs · 168 words

Dr. Deepti Mukesh, J

This order shall dispose of (IB)- 1309(ND)/2019.

The necessity of going into the merit of the claim made by the petitioner in above mentioned petition is obviated because in respect of the Corporate

Debtor we have admitted another petition namely M/s Swastik Interchem Pvt. Ltd. Vs. M/s A.M. Vinyl Pvt. Ltd., [(IB)-1005(ND)/2018] vide order

dated 04.09.2019. As per the provisions of Section 11 of the Code, 2016 another Corporate Insolvency Process cannot be initiated against a corporate

debtor that is undergoing a corporate insolvency resolution process. However, it is needless to add that the petitioners would be entitled to file their

claim before the Insolvency Professional namely Ms. Sujata Sharma having email address is sujatasharma2205@gmail.com ,contact number is

9810079081 and registration No.IBBI/IPA-001/IP-P01418/2018-19/12188 in accordance with law which shall be duly considered. The office is

directed to communicate a copy of the order to the Interim Resolution Professional, Operational Creditor and the Corporate Debtor immediately.

The above-mentioned petition is disposed of in the above terms.