# In the matter of Makro Cast Pvt. Ltd. CP (IB) No. 224-9-AMR-2019

> NCLT judgment dated 2019-12-20. Citation: TCN-2019-NCLT-00044. The case involves a petition against Macro Cast Pvt Ltd. An earlier order dated 2019-12-13 in…

- **Court:** NCLT
- **Order date:** 20 Dec 2019
- **Citation:** TCN-2019-NCLT-00044
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/makro-cast-pvt-ltd-cp-ib-no-224-9-amr-2019-217129b1

## Summary

### Background

The case involves a petition against Macro Cast Pvt Ltd. An earlier order dated 2019-12-13 in CP(IB) No. 165/9/AMR/2019 against the same Corporate Debtor had already admitted a petition and ordered the initiation of CIRP of the Respondent.

## Facts

The Company Petition/Application number is CP(IB) No. 224/9/AMR/2019. The Corporate Debtor is Macro Cast Pvt Ltd. The Petitioner is Usha Enterprises. An order dated 2019-12-13 in CP(IB) No. 165/9/AMR/2019 against the same Corporate Debtor had already admitted a petition and ordered the initiation of CIRP of the Respondent. The present petition is under Section 9 of the IBC. Counsel for both sides were present.

## Issues and analysis

### Issue 1: Whether any further order for Corporate Insolvency Resolution Process (CIRP) needs to be passed in …

**Ratio:** When a Corporate Insolvency Resolution Process (CIRP) has already been initiated against

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**Reasoning:** The court reasoned that since an earlier order had already admitted a petition and

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**Interpretation:** This interpretation suggests that once CIRP is initiated against a corporate

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**Application:** The court applied this principle to the facts of the case, noting that CP(IB)

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## Parties

- **Judges:** Janab Mohammed…
- **Appellants:** Usha Enter…
- **Respondents:** Macro Cast…

## Timeline

- **2019-12-13 — Previous…**: An order was issued in CP (IB) No. 165/9/AMR/2019 against the same Corporate Debtor,…
- **2019-12-20 — Current…**: The Tribunal disposed of the current Company Petition (CP(IB) No. 224/9/AMR/2019),…

## 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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