# In the matter of Yuvrraj Agarwal & Anr. Vs. M/s Aspek Media Pvt Ltd Company Appeal (AT) (Insolvency) No. 340 of 2021

> NCLAT judgment dated 2022-04-18. Citation: TCN-2022-NCLAT-00692. The appeal challenges the order dated 05.03.2021 passed by the National Company Law Tribunal,…

- **Court:** NCLAT
- **Order date:** 18 Apr 2022
- **Citation:** TCN-2022-NCLAT-00692
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/yuvrraj-agarwal-anr-vs-ms-aspek-media-pvt-ltd-company-appeal-35fb78a7

## Summary

### Background

The appeal challenges the order dated 05.03.2021 passed by the National Company Law Tribunal, New Delhi, which dismissed the application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016.

## Facts

Yuvrraj Agarwal and Adreel Media Pvt Ltd (Appellants) filed an application under Section 9 of the IBC against M/s Aspek Media Pvt Ltd (Respondent/Corporate Debtor).

The Appellants claimed that the Corporate Debtor failed to pay invoices raised for services rendered from June 2018 to September 2018, amounting to Rs. 25,70,656/-.

The Appellants issued a combined notice under Section 8 of the Code on 25.10.2018 demanding the total sum of Rs. 25,70,656/-.

The Corporate Debtor served a Notice of Dispute on 02.11.2018 in reply to the Appellant's notice dated 24.10.2018.

The Adjudicating Authority dismissed the application on the ground that the Section 8 Notice was issued by two Operational Creditors jointly.

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## Issues and analysis

### Issue 1: Whether two Operational Creditors can file a …

**Ratio:** Two Operational Creditors cannot file a joint

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**Reasoning:** Section 8 of the Code requires an 'Operational Creditor' to issue a notice individually,

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**Interpretation:** The provisions of Section 8 and 9 of the Code clearly indicate that each

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**Application:** The Adjudicating Authority correctly relied on the judgment in Uttam Galva

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## Parties

- **Judges:** Anant Bijay…; Shreesha…
- **Appellants:** Yuvrraj A…; Adreel Media Pvt…
- **Respondents:** M/S ASPEK MEDIA…
- **Advocates:** Akshay Sriv…; Atul V…

## Timeline

- **2015-12-24 — Appointment…**: Appointment Letter issued in favour of the First Appellant wherein a monthly remuneration…
- **2018-06-01 — Invoices…**: The Corporate Debtor has failed to pay the invoices raised by the Appellants from June,…

## 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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