# In the matter of Dhir Global Industria Pvt. Ltd. (IB)- 1282(ND)-2018

> NCLT judgment dated 2021-05-24. Citation: TCN-2021-NCLT-02101. The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code…

- **Court:** NCLT
- **Order date:** 24 May 2021
- **Citation:** TCN-2021-NCLT-02101
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/dhir-global-industria-pvt-ltd-ib-1282nd-2018-c5ed9b0e

## Summary

### Background

The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code against Dhir Global Industria Pvt Ltd by Hansal Textile System Pvt Ltd. The application, CP.No. (IB)-699(ND)/2019, was admitted on 24.05.2021, initiating the Corporate Insolvency Resolution Process (CIRP).

## Facts

Hansal Textile System Pvt Ltd filed an application against Dhir Global Industria Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code. The application was registered as CP.No. (IB)-699(ND)/2019. The NCLT admitted the application on 24.05.2021, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Dhir Global Industria Pvt Ltd. Hansal Textile System Pvt Ltd is allowed to file its claim before the Interim Resolution Professional (IRP). The order also clarifies that if the CIRP initiation order is set aside for any reason, Hansal Textile System Pvt Ltd can take recourse under the law.

## Issues and analysis

### Issue 1: Whether the application filed by Hansal Textile System Pvt Ltd under Section 9 of the Insolvency …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code outlines the procedure and requirements

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**Reasoning:** The court examined the application to ensure compliance with the requirements of Section

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**Interpretation:** Section 9 allows an operational creditor to initiate CIRP against a corporate

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**Application:** The court found that the application met the requirements of Section 9, leading

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## Parties

- **Judges:** DEEΡΤΙ M…; SUMΙΤΑ PURK…
- **Appellants:** Hansal Textile…
- **Respondents:** Dhir Global…
- **Advocates:** Kanchan Kau…; Shobha Bhav…; +2 more

## Timeline

- **2019-01-01 — Application…**: CP.No. (IB)-699(ND)/2019…
- **2021-05-24 — Application A…**: The application filed by Hansal Textile System Pvt Ltd was admitted, and CIRP was…

## 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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