Disposed
In the matter of Karvy Data Management Services Ltd. [Ia (Ibc) 309-2022 in Cp(Ib) No.51-7-HDB-2022]
NCLTIA (IBC) 309-2022 in CP(IB) No.51-7-HDB-2022
Case brief
AI extract
What is this about?
The NCLT disposed of an application filed by the Financial Creditor under section 7 of the IBC, 2016, as the Corporate Debtor had already been admitted into CIRP in a separate proceeding. It directed the petitioner to raise the claim before the IRP/RP as per the Code.
What did the court decide?
Application disposed; petitioner directed to raise claim before IRP/RP as per IBC Code; liberty to approach Tribunal if CIRP set aside or petition withdrawn.