Ibm India Private Limited v. Videocon Telecommuinications Limited
Case brief
What is this about?
The Delhi High Court closed an insolvency petition filed by IBM India Private Limited against Videocon Telecom. The court noted the IRP had been appointed and the petitioner had already filed a claim as an operational creditor, holding the petition could not proceed. It vacated an earlier interim order.
What did the court decide?
Petition closed. Interim order dated 30.05.2018 vacated.