In the matter of Karvy Data Management Services Ltd. [Ia (Ibc) 414 & 415-2022 in Cp(Ib) No.67-7-HDB-2022]
Case brief
What is this about?
The Tribunal disposed of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, noting the Corporate Debtor has been admitted into CIRP. The Court directed the IRP/RP to examine the claim and noted the petitioner may return to the Tribunal if the CIRP is set aside.
What did the court decide?
Direction to IRP/RP to examine the claim; liberty to approach Tribunal again if CIRP set aside.