Disposed
In the matter of Karvy Data Management Services Ltd. [Cp(Ib) No. 401-7-HDB-2022]
NCLTCP(IB) No. 401-7-HDB-2022
Case brief
AI extract
What is this about?
The Tribunal disposed of an application under Section 7 of the IBC, 2016. Since the Corporate Debtor was admitted into CIRP via a separate order, the court directed the application to be claimed before the IRP/RP. The order also restored the petitioner's right to approach the Tribunal if the CIRP was set aside or the petition withdrawn.
What did the court decide?
Application disposed; claim to be raised before IRP/RP. Liberty to approach Tribunal upon set-aside of CIRP.