# In the matter of Lifespan Biotech Private Limited C.P. (IB) No. 278-9-NCLT-AHM-2018

> NCLT judgment dated 2019-05-02. Citation: TCN-2019-NCLT-03538. The case pertains to an IB petition filed before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 2 May 2019
- **Citation:** TCN-2019-NCLT-03538
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lifespan-biotech-private-limited-cp-ib-no-278-9-nclt-ahm-2018-96ad8dd3

## Summary

### Background

The case pertains to an IB petition filed before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code. The order sheet reflects the attendance and proceedings of the hearing held on May 2, 2019.

## Facts

Abil Chempharma Pvt. Ltd. filed an IB petition against Lifespan Biotech Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. However, a prior petition, CP(IB) 317/2018, had already been admitted against the same Corporate Debtor. Consequently, the present IB petition was deemed infructuous. The operational creditor, Abil Chempharma Pvt. Ltd., was granted the liberty to file its claim before the Resolution Professional.

## Issues and analysis

### Issue 1: Whether the present IB petition should be admitted when a prior petition against the same Corporate …

**Ratio:** A subsequent IB petition against a Corporate Debtor is rendered infructuous if a prior

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**Reasoning:** The court reasoned that admitting multiple petitions against the same Corporate Debtor

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**Interpretation:** This interpretation ensures that the insolvency resolution process is

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**Application:** In this case, since CP(IB) 317/2018 was already admitted against Lifespan

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Abil Chempharma…
- **Respondents:** Lifespan Biotech…

## Timeline

- **2018-01-01 — CP(IB) 31…**: Order passed in CP(IB) 317/2018, admitting the…
- **2019-05-02 — Hearing…**: Hearing of Ahmedabad Bench of the…

## 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)

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