Tribunals and CommissionsDivision Bench(2020) 09 NCLT CK 0523

Shree Aagarsen Steel Industries Pvt Ltd vs Chowel India Pvt Ltd

National Company Law Tribunal · Decided on 30 September 2020

HON’BLE JUDGES
S. Vijayaraghavan, Member (Technical) · R. Sucharitha, Member (Judicial)
CASE NUMBER
IBA/1049/2019

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Judgment

4 paragraphs · 58 words

ORDER

Ld. Counsel Mr. R. Shivaraman for the Applicant and Ld. Counsel Mr. K. Shiva for the Respondent are present.

Counsel for the Applicant submits that NCLT-Court1 has admitted IBA/1121/2019 vide Order dated 05.05.2020 and recommended for commencement of CIR Proceedings of the Corporate Debtor.

Hence, this IBA/1049/2019 has become infructuous. Accordingly, this IBA/1049/2019 is dismissed as infructuous.