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        2023 (7) TMI 1483 - Tri - IBC

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        CIRP Initiated for Corporate Debtor in Hyderabad; Moratorium Imposed, Operational Creditor Can File Claim with IRP. The NCLT Hyderabad admitted the Corporate Debtor into CIRP and imposed a moratorium. The Operational Creditor may approach the IRP regarding its claim ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              CIRP Initiated for Corporate Debtor in Hyderabad; Moratorium Imposed, Operational Creditor Can File Claim with IRP.

                              The NCLT Hyderabad admitted the Corporate Debtor into CIRP and imposed a moratorium. The Operational Creditor may approach the IRP regarding its claim under the IBC. If the claim is resolved or the order is overturned, the Operational Creditor can pursue claim revival. The Company Petition is disposed of without costs.


                              The National Company Law Tribunal, Hyderabad admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) and imposed a moratorium. The Operational Creditor can approach the Insolvency Resolution Professional (IRP) regarding its claim under the Insolvency and Bankruptcy Code. If the claim is settled or the order is set aside, the Operational Creditor can seek revival of its claim in court. The Company Petition is disposed of with no costs.
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