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2019 (5) TMI 1934 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - filing simultaneously two claims under section 7 against principal borrower - petition is admitted against one company then another petition based on the same claim can be admitted or not? - HELD THAT:- If a petition is admitted against one company then another petition based on the same claim cannot be admitted. In other words, separate petitions, against different Corporate Debtors, for the same claim cannot be admitted simultaneously. Here, since the petition against the Corporate Guarantor i.e. Dugal Projects Development Company Private Limited is admitted in CP 2527/2018 vide our order dated 08.05.2019, therefore, the present petition on the same claim cannot be admitted. Petition dismissed.
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