# 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-00038. The case involves a petition against Macro Cast Pvt Ltd. An earlier order dated 13.12.2019 in…

- **Court:** NCLT
- **Order date:** 20 Dec 2019
- **Citation:** TCN-2019-NCLT-00038
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/makro-cast-pvt-ltd-cp-ib-no-224-9-amr-2019-c94f1d81

## Summary

### Background

The case involves a petition against Macro Cast Pvt Ltd. An earlier order dated 13.12.2019 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 name of the company is Macro Cast Pvt Ltd. The petitioner is Usha Enterprises. The respondent is Macro Cast Pvt Ltd. An order dated 13.12.2019 in CP (IB) No. 165/9/AMR/2019 against the same Corporate Debtor had admitted petition and ordered initiation of CIRP of the Respondent. The Petitioner is directed to approach the IRP under Regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

## Issues and analysis

### Issue 1: Whether further orders for CIRP are required in the present case, given that CIRP has already been …

**Ratio:** When CIRP has already been initiated against a corporate debtor in a prior case, no

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**Reasoning:** The Tribunal reasons that since CIRP has already been initiated against the Respondent,

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**Interpretation:** This interpretation clarifies that multiple CIRP proceedings against the same

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**Application:** Given that CIRP has already been initiated against Macro Cast Pvt Ltd in CP

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## Parties

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

## Timeline

- **2019-12-20 — Hearing…**: Attendance-cum-order sheet of the…
- **2019-12-13 — Previous…**: An order dated 13.12.2019 in CP (IB) No. 165/9/AMR/2019 against the same Corporate Debtor…

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