Dismissed
In the matter of Yashwant Sugar and Power Private Limited IA-3686-2022 in C.P. (IB)-1239(MB)2022
What the court decided
AI extract
Outcome
Dismissed
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NATIONAL COMPANY LAW TRIBUNAL COURT-V, MUMBAI BENCH
CORAM:
SMT. ANURADHA SANJAY BHATIA, SHRI KULDIP KUMAR KAREER, MEMBER (T) MEMBER (J)
ORDER SHEET OF THE HEARING OF MUMBAI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 17.01.2023.
NAME OF THE PARTIES: Sangli District Central Cooperative Bank Limited VS YASHWANT SUGAR AND POWER PRIVATE LIMITED
SECTION : Sec 7 of IBC 2016
ORDER
Mr. Indrajeet Hingane, counsel appearing for the Petitioner is present through virtual hearing. The counsel for the Petitioner submits that the Corporate Debtor Company is under undergoing CIRP, vide order of admission in C.P. 680/ 2021 dated 16th December 2022 by this Bench.
In view of the admission order against the Corporate Debtor, this Petition has been rendered infructuous. Accordingly, the Petition is dismissed having become infructuous.
The Petitioner will be at liberty to file his claim before the IRP in the said CIRP.
Since the above Company Petition stands infructuous, all the pending IA’s and MA’s, if any, also stands infructuous.
Sd/Sd/ANURADHA SANJAY BHATIA KULDIP KUMAR KAREER Member(Technical) Member(Judicial)
/P/
Sangli District Central Cooperative Bank Limited
YASHWANT SUGAR AND POWER PRIVATE LIMITED
ANURADHA SANJAY BHATIA
KULDIP KUMAR KAREER
As recorded by the court registry
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