# In the matter of Bhuvee Stenovate Pvt. Ltd. CP(IB) No. 1048-KB-2018

> NCLT judgment dated 2019-03-18. Citation: TCN-2019-NCLT-04399. The case pertains to CP(IB) No. 1048/KB/2018 before the National Company Law Tribunal, Kolkata…

- **Court:** NCLT
- **Order date:** 18 Mar 2019
- **Citation:** TCN-2019-NCLT-04399
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/bhuvee-stenovate-pvt-ltd-cpib-no-1048-kb-2018-9a95452d

## Summary

### Background

The case pertains to CP(IB) No. 1048/KB/2018 before the National Company Law Tribunal, Kolkata Bench. Anand Hardwares & Tools Co. is the applicant against M/s Bhuvee Stenovate Pvt. Ltd. The Operational Creditor submitted that the Corporate Debtor is already under a CIR process vide order dated 12.03.2019 in CP No. 515/KB/2018.

## Facts

Anand Hardwares & Tools Co. filed an application CP(IB) No. 1048/KB/2018 against M/s Bhuvee Stenovate Pvt. Ltd. The Operational Creditor's counsel submitted that the Corporate Debtor, M/s Bhuvee Stenovate Pvt. Ltd., was already undergoing a Corporate Insolvency Resolution Process (CIRP) under an order dated 12.03.2019 in CP No. 515/KB/2018. This prior CIRP order is a crucial fact, rendering the current application not maintainable under Section 11 of the Code. The hearing took place on March 18, 2019.

## Issues and analysis

### Issue 1: Whether the application CP(IB) No. 1048/KB/2018 is maintainable given that the Corporate Debtor is …

**Ratio:** An application under the IBC is not maintainable if the corporate debtor is already

…

**Reasoning:** The court reasoned that since the Corporate Debtor was already under a CIR process

…

**Interpretation:** Section 11 of the Code implies that once a CIRP has been initiated against a

…

**Application:** The court applied the principle that a fresh CIRP application is not

…

## Parties

- **Judges:** Jinan…
- **Appellants:** Anand Hardwares &…
- **Respondents:** M/s Bhuvee…

## Timeline

- **2019-03-12 — CIR Process…**: Order of CIR Process against M/s Bhuvee…
- **2019-03-18 — Hearing…**: Hearing on CP(IB) No.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 11 — Persons not entitled to make application](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-11)

---

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/bhuvee-stenovate-pvt-ltd-cpib-no-1048-kb-2018-9a95452d