# In the matter of Borkar Colorpacks Pvt. Ltd. C.P.(IB)4534(MB)-2018

> NCLT judgment dated 2019-04-09. Citation: TCN-2019-NCLT-03993. The case pertains to an order sheet of the hearing of the Mumbai Bench of the National Company…

- **Court:** NCLT
- **Order date:** 9 Apr 2019
- **Citation:** TCN-2019-NCLT-03993
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/borkar-colorpacks-pvt-ltd-cpib4534mb-2018-95a658e8

## Summary

### Background

The case pertains to an order sheet of the hearing of the Mumbai Bench of the National Company Law Tribunal (NCLT) on April 9, 2019. The matter involves R.A. Kraft Paper Pvt. Ltd. as the petitioner and Borkar Colorpacks Pvt. Ltd. as the respondent. The case is related to Section 9 of the Insolvency & Bankruptcy Code.

## Facts

R.A. Kraft Paper Pvt. Ltd. initiated insolvency proceedings against Borkar Colorpacks Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code. The NCLT Mumbai Bench heard the matter on April 9, 2019. The petitioner's representative was present, but the respondent was not represented. The NCLT directed the petitioner to submit the Consent of IRP, evidence of Section 8 notice and proof of service, any reply from the debtor company on receipt of Section 8 notice, any reply by the debtor company on receipt of the main company petition, and a copy of the ledger account of the debtor company in the books of the petitioner/creditor. The case was adjourned to June 19, 2019. The submission of the Consent of IRP is crucial for initiating the insolvency resolution

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## Issues and analysis

### Issue 1: Whether the petitioner has complied with the requirements of Section 9 of the Insolvency & …

**Ratio:** Section 9 of the Insolvency & Bankruptcy Code (IBC) outlines the procedure for an

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**Reasoning:** The court directed the petitioner to provide evidence of Section 8 notice and proof of

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**Interpretation:** Section 9 is interpreted strictly to ensure that operational creditors follow

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**Application:** The petitioner must demonstrate that a demand notice was issued to the

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## Parties

- **Judges:** M.K. Sh…
- **Appellants:** R.A. Kraft Paper…
- **Respondents:** Borkar Colorpacks…

## Timeline

- **2018-01-01 — Case Fil…**: C.P.(IB)4534(MB)/2018…
- **2019-04-09 — Hearing…**: Hearing of the Mumbai Bench of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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