# 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-02318. 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-02318
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/katariya-pet-private-limited-cp-ib-2144-mb-c-iv-2019-fec8dbdb

## Summary

### Background

The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Rasayano, a proprietorship concern, against Katariya Pet Private Limited, the corporate debtor. The matter was before the National Company Law Tribunal (NCLT), Mumbai Bench.

## Facts

Rasayano, a proprietorship concern represented by its proprietor Mr. Purushottam G. Khetan, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Katariya Pet Private Limited. The NCLT Mumbai Bench was hearing the case. An order dated 2019-12-06 was previously passed by the Adjudicating Authority. The current order, dated 2020-01-16, appoints Ms. Megha Agrawal as the Interim Resolution Professional (IRP).

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority is justified in appointing Ms. Megha Agrawal as the Interim …

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

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**Reasoning:** The Adjudicating Authority, having previously passed an order on 2019-12-06, deemed it

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**Interpretation:** The appointment of an IRP is interpreted as a necessary step to ensure the

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**Application:** In this case, the Adjudicating Authority applied the provisions of the IBC to

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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 — IRP Appoi…**: Ms. Megha Agrawal was appointed as the Interim Resolution Professional (IRP) for Katariya…

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