Impleadment application of Operational Creditor allowed as CIRP against Corporate Debtor closed

Sathya Moorthy Sai Prasad Vs Shapoorji Pallonji and Company Pvt. Ltd. & Anr. (NCLAT Chennai)

NCLAT Chennai allowed impleadment application of Operational Creditor as CIRP proceedings was initiated against Corporate Debtor by another Creditor and the said CIRP was closed.

Facts- M/s RDC Concrete India Pvt. Ltd. filed an application before the NCLAT for its impleadment as a party in the matter of M/s Ozone Projects Pvt. Ltd. (Corporate Debtor). The reason for implement, which has been mentioned in the application is that, during the course of business of t

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