# In the matter of Hygiene Feeds & Farms Private Limited CP (IB) No.304-Chd-Hry-2018

> NCLT judgment dated 2019-01-31. Citation: TCN-2019-NCLT-05075. The case pertains to an application filed by an Operational Creditor, M/s Shankar Nutricon…

- **Court:** NCLT
- **Order date:** 31 Jan 2019
- **Citation:** TCN-2019-NCLT-05075
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/hygiene-feeds-farms-private-limited-cp-ib-no304-chd-hry-2018-d8d883f1

## Summary

### Background

The case pertains to an application filed by an Operational Creditor, M/s Shankar Nutricon Private Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the corporate insolvency resolution process against the Corporate Debtor, M/s Hygiene Feeds & Farms Private Limited.

## Facts

M/s Shankar Nutricon Private Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Limited, the Corporate Debtor. The Adjudicating Authority admitted the petition and declared a moratorium. The Operational Creditor did not propose a name for the Interim Resolution Professional (IRP). The Adjudicating Authority then appointed Ms. Karuna Sharma as the IRP. The order also outlines the powers and responsibilities of the IRP, including preparing an inventory of assets, making a public announcement, and constituting a committee of creditors. The order also suspends the powers of the Board of Directors of the

…

## Issues and analysis

### Issue 1: Whether the application filed by the Operational Creditor under Section 9 of the Insolvency and …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code, 2016, allows an operational creditor to

…

**Reasoning:** The Adjudicating Authority considered the application and determined that it met the

…

**Interpretation:** Section 9 provides the mechanism for operational creditors to trigger the

…

**Application:** The facts indicate that the Operational Creditor filed the application under

…

## Parties

- **Judges:** Mr.Justice…; Mr.Pradeep…
- **Appellants:** M/s. Shankar…
- **Respondents:** M/s Hygiene Feeds…

## Timeline

- **2018-01-01 — CP (IB) No.304/Chd/Hry/2…**: Filing of CP (IB)…
- **2019-01-24 — Resolution process…**: Resolution process 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)

---

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/hygiene-feeds-farms-private-limited-cp-ib-no304-chd-hry-2018-d8d883f1