Dismissed
In the matter of Raj Buildhome Pvt. Ltd. Ia No. 283, 291 & 319-JPR-2019 in Ib- 83-7-JPR-2018
Case brief
AI extract
What is this about?
The NCLT dismissed the application under Section 7 of IBC, 2016, following the NCLAT's order in CA No. 558/2019 which quashed the Corporate Insolvency Resolution Process and held that the CIRP costs were to be borne by the financial creditor. The matter stood dismissed in view of the appellate judgement.
What did the court decide?
The application under Section 7 of IBC, 2016 was dismissed as it was already disposed of via the NCLAT order in CA No. 558/2019.