Disposed
In the matter of Karvy Data Management Services Limited [Cp (Ib) No. 189-7-HDB-2022]
NCLTCP (IB) No. 189-7-HDB-2022
Case brief
AI extract
What is this about?
The Tribunal disposed of a Section 7 application filed by Bank of Baroda against M/s Karvy Data Management Service Ltd. Since the Corporate Debtor had already been admitted in CIRP via CP No.25/7/HDB/2022, the tribunal directed the IRP to examine the new claim expeditiously and allowed the Petitioner to approach the Tribunal if the earlier CIRP order is set aside or the petition is withdrawn.
What did the court decide?
Directed IRP to examine the claim expeditiously; Petitioner allowed to reapproach Tribunal if CIRP admission is set aside or main petition withdrawn.