Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2
Order Date: 09/06/2026
Case Overview
This was a proceeding under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by 63 Ideas Infolabs Private Limited (Operational Creditor/Applicant) against Osia Hyper Retail Limited (Corporate Debtor/Respondent). During the proceedings, the learned counsel for the applicant submitted that a separate application under Section 7 of the IBC against the same corporate debtor, Osia Hyper Retail Limited, had already been admitted by the tribunal. Consequently, the Corporate Insolvency Resolution Process (CIRP) had been initiated against the respondent. This development rendered the present Section 9 application infructuous, as the debt in question would now be addressed through the ongoing CIRP.
Final Outcome
The tribunal disposed of the application, registered as C.P.(IB)/318(AHM)2025, declaring it infructuous. The applicant, 63 Ideas Infolabs, was directed to file its claim with the Resolution Professional (RP) appointed for Osia Hyper Retail Limited. The order also granted liberty to the applicant to file a fresh application in the future if the order admitting the Section 7 application and initiating CIRP is subsequently reversed by an appellate authority.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor