# In the matter of L&T - SUCG JV CC27 Delhi C.P. No. IB-1505(PB)-2018

> NCLT judgment dated 2019-04-15. Citation: TCN-2019-NCLT-03918. Hubei Tiandi Heavy Industries Co. Ltd. filed a petition under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 15 Apr 2019
- **Citation:** TCN-2019-NCLT-03918
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lt-sucg-jv-cc27-delhi-cp-no-ib-1505pb-2018-6946952c

## Summary

### Background

Hubei Tiandi Heavy Industries Co. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi, claiming to be an operational creditor. The petition was filed before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The respondent, L&T - SUCG JV CC27 Delhi, argued that the NCLT at New Delhi lacked territorial jurisdiction as the joint venture was unincorporated and neither of the parent companies had registered offices within the NCLT's jurisdiction. The respondent also contended that it was not an incorporated entity registered with the Registrar of Companies.

## Facts

Hubei Tiandi Heavy Industries Co. Ltd. (the Petitioner) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi (the Respondent), claiming to be an operational creditor. The Respondent, L&T - SUCG JV CC27 Delhi, is a joint venture between Larsen & Turbo Limited and Shanghai Urban Construction (Group) Corporation. The Respondent argued that the NCLT at New Delhi lacked territorial jurisdiction because the joint venture is unincorporated, and neither parent company has a registered office within the NCLT's jurisdiction. The Respondent also submitted that it is not an incorporated entity registered with the Registrar of Companies (ROC). The

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## Issues and analysis

### Issue 1: Whether the National Company Law Tribunal (NCLT) has the jurisdiction to initiate Corporate …

**Ratio:** The NCLT's jurisdiction to initiate CIRP is limited to entities incorporated under the

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**Reasoning:** The NCLT reasoned that the Insolvency and Bankruptcy Code, 2016, specifically Section 9,

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**Interpretation:** The interpretation of Section 9 of the Insolvency and Bankruptcy Code, 2016,

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**Application:** In this case, the NCLT applied the ratio and reasoning to the specific facts,

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Hubei Tiandi…
- **Respondents:** L&T - SUCG JV…

## Timeline

- **2018-01-01 — Petition…**: Hubei Tiandi Heavy Industries Co. Ltd. filed a petition under Section 9 of the Insolvency…
- **2019-04-15 — Order Del…**: The NCLT dismissed the petition, holding that it lacked jurisdiction to initiate CIRP…

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