Disposed
In the matter of Future Lifestyle Fashions Limited [C.P.(IB)-1334(MB)-2022]
NCLTC.P.(IB)-1334(MB)-2022
Case brief
AI extract
What is this about?
The National Company Law Tribunal held that since the corporate debtor was already undergoing CIRP in a parallel company petition, the present petition was ineffectual. The Tribunal disposed of the petition, granting liberty to the operational creditor to present claims before the IRP.
What did the court decide?
Disposed of the company petition with liberty to the operational creditor to place its claim before the IRP.