# In the matter of Dhir Global Industria Pvt. Ltd. (IB)- 1606(ND)-2018

> NCLT judgment dated 2021-05-24. Citation: TCN-2021-NCLT-02100. The case pertains to an application filed under Section 9 of the Insolvency & Bankruptcy Code…

- **Court:** NCLT
- **Order date:** 24 May 2021
- **Citation:** TCN-2021-NCLT-02100
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/dhir-global-industria-pvt-ltd-ib-1606nd-2018-ec54f3da

## Summary

### Background

The case pertains to an application filed under Section 9 of the Insolvency & Bankruptcy Code against Dhir Global Industria Pvt Ltd by Export Credit Bank of Turkey. The application, CP. No. (IB)-699(ND)/2019, was admitted, and the order initiating CIRP was passed.

## Facts

Export Credit Bank of Turkey filed an application under Section 9 of the Insolvency & Bankruptcy Code against Dhir Global Industria Pvt Ltd. 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. The applicant, Export Credit Bank of Turkey, is permitted to file its claim before the Interim Resolution Professional (IRP).

## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of the …

**Ratio:** Section 9 of the Insolvency & Bankruptcy Code allows an operational creditor to

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**Reasoning:** The court considered the application and the documents submitted by the operational

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**Interpretation:** Section 9 provides the framework for operational creditors to initiate CIRP,

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**Application:** The court applied the provisions of Section 9 to the facts presented in the

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## Parties

- **Judges:** DEEΡΤΙ M…; SUMΙΤΑ PURK…
- **Appellants:** Export Credit…
- **Respondents:** Dhir Global…

## Timeline

- **2019-01-01 — Application…**: CP. No. (IB)-699(ND)/201…
- **2021-05-24 — Application A…**: The application 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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