https://www.taxtmi.com/caselaws?id=295889 The petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was dismissed due to the duplicacy of claims. The tribunal held that since the same claim had already been admitted in the CIRP against the guarantor, filing a second application against the principal borrower for the same claim was impermissible under the law. The petition was not entertained and was ultimately dismissed based on the precedent set in a previous case. en-us Mon, 13 May 2019 00:00:00 +0530 Thu, 24 Jun 2021 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295889 The petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was dismissed due to the duplicacy of claims. The tribunal held that since the same claim had already been admitted in the CIRP against the guarantor, filing a second application against the principal borrower for the same claim was impermissible under the law. The petition was not entertained and was ultimately dismissed based on the precedent set in a previous case. Case-Laws Companies Law Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295889