Authority
National Company Law Tribunal, Ahmedabad (Court II)
Order Date
10 June 2026
Case Overview
The application was filed by Bank of Maharashtra (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Osia Hyper Retail Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP).
During the pendency of this petition, the tribunal had already initiated CIRP against the Corporate Debtor via order dated 28 April 2026 in CP(IB)/220(AHM)2025.
As CIRP is already in progress, the present petition is rendered infructuous, and there is nothing left to adjudicate.
The Financial Creditor is advised to file its claim with the Interim Resolution Professional (IRP) or Resolution Professional (RP) of the Corporate Debtor in accordance with the provisions of the IBC, 2016 and regulations framed thereunder.
Final Outcome
The petition CP (IB) No. 382 of 2025 is disposed of as infructuous.
Topics
Insolvency Proceedings, Corporate Debt, Legal Disposal