# In the matter of Arise India Limited Vs. TCI Freight CA (AT) No. 153-2018

> NCLAT judgment dated 2018-05-03. Citation: TCN-2018-NCLAT-00307. The case involves an appeal against the initiation of a Corporate Insolvency Resolution…

- **Court:** NCLAT
- **Order date:** 3 May 2018
- **Citation:** TCN-2018-NCLAT-00307
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/arise-india-limited-vs-tci-freight-ca-0a929443

## Summary

### Background

The case involves an appeal against the initiation of a Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed.

## Facts

Arise India Limited filed an appeal against TCI Freight (a division of Transport Corporation of India Ltd.). The appeal concerned the initiation of a 'Corporate Insolvency Resolution Process' under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed. The court dismissed the appeal.

## Issues and analysis

### Issue 1: Whether the initiation of a 'Corporate Insolvency Resolution Process' under Section 9 of the …

**Ratio:** When a 'Provisional Liquidator' has already been appointed, the question of initiating a

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**Reasoning:** The court reasoned that the prior appointment of a 'Provisional Liquidator' precludes the

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**Interpretation:** The interpretation suggests that the appointment of a 'Provisional Liquidator'

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**Application:** In this case, because a 'Provisional Liquidator' had already been appointed,

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Arise India…
- **Respondents:** TCI Fre…
- **Advocates:** Gurkamal Hora…; Gurcharan…

## Timeline

- **2018-05-03 — Order…**: The court dismissed the appeal, stating that the initiation of a 'Corporate Insolvency…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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