# In the matter of Kieon Developers Pvt.  Ltd. MA 3010-2019 in C.P. (IB)-2489-(MB)-2018

> NCLT judgment dated 2019-11-13. Citation: TCN-2019-NCLT-00619. The case pertains to an application (MA 3010/2019) filed in a corporate insolvency resolution…

- **Court:** NCLT
- **Order date:** 13 Nov 2019
- **Citation:** TCN-2019-NCLT-00619
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/kieon-developers-pvt-ltd-ma-3010-2019-in-cp-ib-2489-mb-2018-0a32c97f

## Summary

### Background

The case pertains to an application (MA 3010/2019) filed in a corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), Mumbai Bench, is hearing the matter. The director of the respondent company, Amit J. Chheda, is present and acknowledges awareness of orders passed by the Hon'ble NCLAT directing the bench to admit the petition after serving a notice to the respondents.

## Facts

The case involves Pranami Trading Pvt Ltd V/s Kieon Developers Pvt Ltd. An application MA 3010/2019 was filed in C.P.(IB)-2489(MB)/2018. The director of the respondent company, Amit J. Chheda, was present during the hearing and acknowledged awareness of the orders passed by the Hon'ble NCLAT. These orders directed the NCLT to admit the petition after serving a notice to the respondents. Based on this acknowledgement, the NCLT admitted the petition and appointed Ms. Tanuja Jalan as the Interim Resolution Professional.

## Issues and analysis

### Issue 1: Whether the petition should be admitted given the respondent's awareness of the NCLAT's orders …

**Ratio:** When a respondent is aware of orders from a higher appellate authority (NCLAT) directing

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**Reasoning:** The court reasoned that since the director of the respondent company acknowledged

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**Interpretation:** This case interprets the interplay between orders from appellate tribunals

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**Application:** In this specific case, the respondent's awareness of the NCLAT's order was the

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## Parties

- **Judges:** RAJESH S…; Bhaskara Pantula…
- **Appellants:** Pranami Trading…
- **Respondents:** Kieon Developers…

## Timeline

- **2019-11-13 — Hearing…**: Order sheet of the hearing of Mumbai Bench…
- **2019-12-05 — Certified True…**: Date on which the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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