# In the matter of Agron India Ltd. C.P.(IB)-3007(MB)-2018

> NCLT judgment dated 2020-01-10. Citation: TCN-2020-NCLT-02371. The case pertains to C.P.(IB)-3007(MB)/2018 filed under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 10 Jan 2020
- **Citation:** TCN-2020-NCLT-02371
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/agron-india-ltd-cpib-3007mb-2018-5ad42368

## Summary

### Background

The case pertains to C.P.(IB)-3007(MB)/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The court noted that CIRP had already been initiated against the Corporate Debtor vide order dated 20.12.2019 in CP(IB)-4596(MB)/2018, and an IRP had already been appointed.

## Facts

Mittal Energies of India filed a petition against Agron India Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition number is C.P.(IB)-3007(MB)/2018. However, the court noted that CIRP had already been initiated against Agron India Ltd. (the Corporate Debtor) vide order dated 20.12.2019 in C.P.(IB)-4596(MB)/2018, and an IRP had been appointed. Given the prior initiation of CIRP, the court considered the current petition infructuous.

## Issues and analysis

### Issue 1: Whether the current petition C.P.(IB)-3007(MB)/2018 should be dismissed given that CIRP has already …

**Ratio:** When CIRP has already been initiated against a Corporate Debtor under one petition, a

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**Reasoning:** The court reasoned that since CIRP was already underway, the current petition would be

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**Interpretation:** The interpretation is that once CIRP is initiated, all claims against the

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**Application:** The court applied this principle to the facts by dismissing the current

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## Parties

- **Judges:** Rajasekha…; Ravikumar…; +1 more
- **Appellants:** Mittal Energies…
- **Respondents:** Agron Indi…

## Timeline

- **2019-12-20 — CIRP Init…**: CIRP initiated against the Corporate Debtor…
- **2020-01-10 — Hearing…**: Hearing held on C.P.(IB)-3007(MB)/2018,…

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