Tribunals and CommissionsDivision Bench(2023) 01 NCLT CK 0551

Sangli District Central Cooperative Bank Limited vs Yashwant Sugar And Power Private Limited

National Company Law Tribunal · Decided on 17 January 2023

HON’BLE JUDGES
Anuradha Sanjay Bhatia, Member (Technical) · Kuldip Kumar Kareer, Member (Judicial)
CASE NUMBER
C.P. (IB)/1239(MB)2022

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Judgment

5 paragraphs · 103 words

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.