# 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-02322. The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 16 Jan 2020
- **Citation:** TCN-2020-NCLT-02322
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/katariya-pet-private-limited-cp-ib-2144-mb-c-iv-2019-cf209352

## Summary

### Background

The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Rasayano, an operational creditor, against Katariya Pet Private Limited, the corporate debtor. The Adjudicating Authority is the National Company Law Tribunal (NCLT), Mumbai Bench.

## Facts

Rasayano, a proprietorship concern, filed an application as an operational creditor against Katariya Pet Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT Mumbai Bench passed an order on 06.12.2019, and the current order dated 16.01.2020 is in continuation of the previous order. The key fact is the appointment of Ms. Megha Agrawal as the Interim Resolution Professional (IRP).

## Issues and analysis

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

**Ratio:** The Adjudicating Authority has the power to appoint an Interim Resolution Professional

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**Reasoning:** The Adjudicating Authority, in continuation of its previous order, deemed it necessary to

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**Interpretation:** The appointment of an IRP is a standard procedure under the Insolvency and

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**Application:** Ms. Megha Agrawal was appointed as the IRP, and she is directed to take further

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## Parties

- **Judges:** Rajasekha…; Ravikumar…; +1 more
- **Appellants:** Rasay…
- **Respondents:** Katariya Pet…

## Timeline

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

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