Disposed
In the matter of Karvy Data Management Services Ltd. [Ia (Ibc) 382 & 775-2022 in Cp(Ib) No.61-7-HDB-2022]
NCLTIA (IBC) 382 & 775-2022 in CP(IB) No.61-7-HDB-2022
Case brief
AI extract
What is this about?
The Tribunal disposed of the application initiated under Section 7 of the IBC since the corporate debtor was already admitted into CIRP via a separate petition. The court directed the IRP/RP to examine the claim and allowed the applicant to re-apply before the Tribunal if the CIRP is set aside or varied.
What did the court decide?
IRA/RP directed to examine claim; applicant at liberty to re-approach Tribunal if CIRP set aside.