https://www.taxtmi.com/caselaws?id=290146 The petition filed by the Financial Creditor to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was dismissed due to duplicacy, as the same claim had already been admitted in the CIRP of the Parent Company. The Tribunal cited the precedent set in Dr. Vishnu Kumar Agarwal v. M/S. Piramal Enterprises Ltd., stating that once an application under Section 7 is admitted against one Corporate Debtor, a second application for the same claim cannot be entertained against another Corporate Debtor. en-us Tue, 07 May 2019 00:00:00 +0530 Thu, 10 Sep 2020 21:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290146 The petition filed by the Financial Creditor to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was dismissed due to duplicacy, as the same claim had already been admitted in the CIRP of the Parent Company. The Tribunal cited the precedent set in Dr. Vishnu Kumar Agarwal v. M/S. Piramal Enterprises Ltd., stating that once an application under Section 7 is admitted against one Corporate Debtor, a second application for the same claim cannot be entertained against another Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 07 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290146