# In the matter of Kanoovi Foods Pvt. Ltd. C.P. (IB) No. 521-9-NCLT-AHM-2018

> NCLT judgment dated 2019-08-01. Citation: TCN-2019-NCLT-02159. The case pertains to an IB Petition filed against Kanoovi Foods Pvt. Ltd. before the National…

- **Court:** NCLT
- **Order date:** 1 Aug 2019
- **Citation:** TCN-2019-NCLT-02159
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/kanoovi-foods-pvt-ltd-cp-ib-no-521-9-nclt-ahm-2018-aa65b90e

## Summary

### Background

The case pertains to an IB Petition filed against Kanoovi Foods Pvt. Ltd. before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The petitioner is represented by learned counsel.

## Facts

An IB Petition No. 377/2018 was filed against Kanoovi Foods Pvt. Ltd. and was admitted on 2019-07-26. CP(IB) 521/2018, the instant petition, was filed against the same corporate debtor, Kanoovi Foods Pvt. Ltd. The petitioner in CP(IB) 521/2018 is represented by learned counsel. The court found that the prior admission of IB Petition No. 377/2018 rendered the instant petition infructuous.

## Issues and analysis

### Issue 1: Whether CP(IB) 521/2018 should be dismissed as infructuous given the prior admission of IB Petition …

**Ratio:** When an IB Petition against a corporate debtor has already been admitted, a subsequent

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**Reasoning:** The court reasoned that since IB Petition No. 377/2018 against Kanoovi Foods Pvt. Ltd.

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**Interpretation:** This interpretation ensures that the insolvency resolution process is

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**Application:** The ratio and reasoning were applied to the facts of the case, where the court

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** Nitin M…
- **Respondents:** Kanoovi Foods…

## Timeline

- **2019-07-26 — Admission of IB…**: IB Petition No. 377/2018 filed against…
- **2019-08-01 — Order…**: CP(IB) 521/2018 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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