# In the matter of Aventura Components Pvt. Ltd. IB-3146-ND-2019

> NCLT judgment dated 2021-03-25. Citation: TCN-2021-NCLT-02567. The case involves M/s. Farhiktegan Zarnam Research and Ind. Group Co. as the petitioner…

- **Court:** NCLT
- **Order date:** 25 Mar 2021
- **Citation:** TCN-2021-NCLT-02567
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/aventura-components-pvt-ltd-ib-3146-nd-2019-53f4a332

## Summary

### Background

The case involves M/s. Farhiktegan Zarnam Research and Ind. Group Co. as the petitioner (operational creditor) and M/s. Aventura Copmponents Pvt. Ltd. as the respondent. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

M/s. Farhiktegan Zarnam Research and Ind. Group Co. filed a petition against M/s. Aventura Copmponents Pvt. Ltd. under Section 9 of the IBC. The operational creditor's counsel submitted that CIRP had been initiated against the respondent in IB No. 2484/ND/2019 on 2021-03-12, rendering the current petition infructuous. The initiation of CIRP is a key fact that led to the dismissal of the petition.

## Issues and analysis

### Issue 1: Whether the petition filed by the operational creditor should be dismissed due to the initiation of …

**Ratio:** When CIRP has been initiated against the corporate debtor, any pending petitions against

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**Reasoning:** The court considered the submission of the operational creditor's counsel that CIRP had

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**Interpretation:** The initiation of CIRP takes precedence over individual petitions for debt

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**Application:** Since CIRP had been initiated against M/s. Aventura Copmponents Pvt. Ltd., the

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## Parties

- **Judges:** P.S.N. P…; K.K. V…
- **Appellants:** M/s. Farhiktegan…
- **Respondents:** M/s. Aventura…

## Timeline

- **2019-01-01 — IB No. 2484/…**: CIRP initiated against M/s.…
- **2021-03-12 — CIRP Initiati…**: CIRP initiated in IB…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/aventura-components-pvt-ltd-ib-3146-nd-2019-53f4a332