Dismissed
In the matter of Leela Trade Steeel and Commodities India Pvt. Ltd. CP(IB)-122(MB)-2021
Case brief
AI extract
What is this about?
This adjudication deals with a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a Corporate Debtor. The applicant contended that the Corporate Debtor already faced an admitted Corporate Insolvency Resolution Process against the same debtor. The court found the present application infructuous and dismissed it.
What did the court decide?
The petition was dismissed as infructuous. The petitioner is directed to approach the Insolvency Resolution Professional with a proper claim.