Mrs. Lata a. Mehra v. K. Krishnakumar
Case brief
What is this about?
In this insolvency petition, the Court directed the petition to be closed because the debtor had already been adjudicated insolvent in I.P.No.63 of 2009 on 14.07.2014. The Court granted liberty to the petitioning creditor to seek reopening if that order is stayed or set aside. No costs.
What did the court decide?
Insolvency petition closed with liberty to reopen if previous adjudication order is stayed or set aside. No costs.