# In the matter of Lavasa Corporation Ltd. C.P. No. 1357-I&BC-NCLT-MAH-2017

> NCLT judgment dated 2017-09-15. Citation: TCN-2017-NCLT-00411. The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016…

- **Court:** NCLT
- **Order date:** 15 Sept 2017
- **Citation:** TCN-2017-NCLT-00411
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lavasa-corporation-ltd-cp-no-1357-ibc-nclt-mah-2017-8ff25fef

## Summary

### Background

The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 against Lavasa Corporation Ltd. by Enviiro Buildmate Pvt. Ltd. A winding-up petition (CP 501/2016) was already pending before the High Court of Bombay, filed by the same petitioner, based on the same claim.

## Facts

Enviiro Buildmate Pvt. Ltd. filed a company petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 against Lavasa Corporation Ltd. A winding-up petition, CP 501/2016, was already pending before the High Court of Bombay, initiated by the same petitioner, based on the same claim. The Central Government had issued notifications on 15.12.2016 and 29.6.2017, which saved proceedings pending before the High Court. The petitioner then filed another petition before the NCLT under the IB Code on the same claim. The key fact is the existence of the prior pending case in the High Court and the notifications protecting those proceedings.

## Issues and analysis

### Issue 1: Whether the Petitioner can initiate a fresh proceeding under the IB Code when a winding-up petition …

**Ratio:** A party cannot initiate a new proceeding under the IB Code on the same claim when a

…

**Reasoning:** The court reasoned that allowing a new proceeding under the IB Code while a winding-up

…

**Interpretation:** The interpretation of the IB Code and the government notifications suggests

…

**Application:** The court applied the ratio to the facts by noting that Enviiro Buildmate Pvt.

…

## Parties

- **Judges:** B.S.V. Prakash…; V. Nallasen…
- **Appellants:** ENVIIRO BUILDMATE…
- **Respondents:** Lavasa Corporation…
- **Advocates:** Yogesh Ankl…; Chaitrika…; +1 more

## Timeline

- **2016-12-15 — Notification…**: Central Government issued a notification saving…
- **2017-06-29 — Notification…**: Central Government issued a notification saving…

## 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/lavasa-corporation-ltd-cp-no-1357-ibc-nclt-mah-2017-8ff25fef