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Insolvency proceedings

(Querist) 14 July 2016 This query is : Resolved 
Sir, Insolvency Petition was filed by debtor to declare him as insolvent.But the I.P. was dismissed for default. The Petitioner again filed fresh IP for the same relief and it was registered. No petition was filed to restore the previous IP. Is it lawful. let me know about its maintainability.
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R.K Nanda (Expert) 14 July 2016
Academic query.
Devajyoti Barman (Expert) 15 July 2016
Since insolvency has recurring cause of action, second IP is maintainable.
Rajendra K Goyal (Expert) 15 July 2016
Agree with the expert Devajyoti Barman.

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