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Applicant seeking same relief in two parallel applications is barred by doctrine of Res Sub judice
Case Law Details
- Case Name
- Indian Bank Vs Nimitaya Hotel &
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 16/12/2022
- Courts
- NCLT
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Indian Bank Vs Nimitaya Hotel & Resorts Private Limited (NCLT Delhi)
NCLT Delhi held that seeking of same reliefs in two parallel applications against the same party is barred by doctrine of Res Sub judice. Accordingly, the applicant penalized with cost of Rs. 1 Lakhs for multiplicity of proceedings and wastage of precious judicial time.
Facts- The Indian Bank (Financial Creditor) had filed a petition u/s. 7 of the Insolvency and Bankruptcy Act, 2016 (IBC), for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor M/s. Nimitaya Hotel & Resorts Pvt. L...
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