2021 (1) TMI 1236 - Tri - Companies Law

CIRP in process - Operational Creditor has already filed the claim before the IRP/RP - HELD THAT - The Operational Creditor may be given liberty to revive the Petition. Liberty prayed for is granted the Petition is dismissed being infructuous.

Summary

The Tribunal granted liberty to the Operational Creditor to revive the petition if the Corporate Debtor compromises with other creditors or the order dated 26.02.2020 is set aside in appeal. The petition was dismissed as infructuous.