Corporate Debtor's Winding-Up Proceedings Admitted, Corporate Insolvency Resolution Process Now Unnecessary.

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Full Text of the Document

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....As admittedly the winding up proceedings has been admitted and ordered for winding-up of the respondent- ‘Corporate Debtor’, we hold that the question of initiation of ‘Corporate Insolvency Resolution Process’ against same ‘Corporate Debtor’ does not arise....