M/S SPJ Cargo Pvt. Ltd. Vs M/S M.K. Overseas Pvt. Ltd.

National Company Law Tribunal New Delhi Bench 19 Sep 2019 Company Petition No. IB-2276/ND Of 2019 (2019) 09 NCLT CK 0087
Bench: Division Bench
Result Published
Acts Referenced

Judgement Snapshot

Case Number

Company Petition No. IB-2276/ND Of 2019

Hon'ble Bench

Dr. Deepti Mukesh, J; Hemant Kumar Sarangi, Member (Technical)

Final Decision

Disposed Of

Acts Referred
  • Insolvency And Bankruptcy Code, 2016 - Section 11

Judgement Text

Translate:

Hemant Kumar Sarangi, Member (T)

This order shall dispose of (IB)-2276/(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. Mayoga Investments Ltd. Vs. M/s M.K. Overseas Pvt. Ltd., [IB-1731/(ND)/2019], vide order

dated 19.09.2019. As per the provisions of Section 11 of the Code, 2016 another Corporate Insolvency Resolution 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 Mr. Suresh Kumar Jain, address at 3775/3 Kanhaiya Nagar, Delhi â€" 110035 and having

registration No. IBBI/IPA-001/IP-P01179/2018-19/11839, mobile No. 9911219473 and email id suresh1958@rediffmail.com, 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 Creditors and the Corporate Debtor

immediately.

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

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