# In the matter of Katariya Pet Private Limited CP (IB) 2144-MB-C-IV-2019

> NCLT judgment dated 2020-01-16. Citation: TCN-2020-NCLT-02308. The case pertains to C.P.(IB)-2144/MB/2019 under Section 9 of the Insolvency & Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 16 Jan 2020
- **Citation:** TCN-2020-NCLT-02308
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/katariya-pet-private-limited-cp-ib-2144-mb-c-iv-2019-c50e1c6e

## Summary

### Background

The case pertains to C.P.(IB)-2144/MB/2019 under Section 9 of the Insolvency & Bankruptcy Code, 2016. The matter involves Rasayano, a proprietorship concern represented by its proprietor, Mr. Purushottam G. Khetan, as the Operational Creditor, and Katariya Pet Private Limited as the Corporate Debtor.

## Facts

Rasayano, a proprietorship concern represented by Mr. Purushottam G. Khetan, filed a case under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Katariya Pet Private Limited. The Adjudicating Authority, in continuation of a previous order dated 06.12.2019, appointed Ms. Megha Agrawal as the Interim Resolution Professional (IRP) to proceed with the matter. The IRP's registration number is IBBI/IPA-001/IP-P-01456/2018-19/12272, and her address is at 001, Shivra Apartments, In Circle of Congress Nagar garden, Congress Nagar Nagpur, Nagpur, Maharashtra – 440 012, email: megs9june@yahoo.com. The order was delivered on 16.01.2020.

## Issues and analysis

### Issue 1: Whether Ms. Megha Agrawal should be appointed as the Interim Resolution Professional (IRP) in the …

**Ratio:** The ratio is based on the Adjudicating Authority's power to appoint an IRP to manage the

…

**Reasoning:** The Adjudicating Authority reasoned that the appointment of an IRP is necessary to take

…

**Interpretation:** The interpretation involves the Adjudicating Authority's role in ensuring the

…

**Application:** The ratio and reasoning are applied to the specific facts by appointing Ms.

…

## Parties

- **Judges:** Rajasekha…; RavikumarDu…
- **Appellants:** Purushottam G.…
- **Respondents:** Katariya Pet…

## Timeline

- **2019-12-06 — Previous…**: An order was passed by the…
- **2020-01-16 — Order Del…**: Ms. Megha Agrawal appointed as…

## 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/katariya-pet-private-limited-cp-ib-2144-mb-c-iv-2019-c50e1c6e