# In the matter of NTL Electronics India Ltd. (IB)-1668(ND)2019

> NCLT judgment dated 2019-09-12. Citation: TCN-2019-NCLT-01497. The case pertains to a petition filed before the National Company Law Tribunal (NCLT), New…

- **Court:** NCLT
- **Order date:** 12 Sept 2019
- **Citation:** TCN-2019-NCLT-01497
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ntl-electronics-india-ltd-ib-1668nd2019-1ed866ad

## Summary

### Background

The case pertains to a petition filed before the National Company Law Tribunal (NCLT), New Delhi Bench. The Corporate Insolvency Resolution Process (CIRP) has already been initiated against the Corporate Debtor in IB No. IB-814/2019, concerning M/s. Om Logistics Ltd. V/s. M/s. NTL Electronic (India) Ltd.

## Facts

The Corporate Insolvency Resolution Process (CIRP) has already been initiated against the Corporate Debtor in IB No. IB-814/2019, concerning M/s. Om Logistics Ltd. V/s. M/s. NTL Electronic (India) Ltd. The petitioner may file their claim before the IRP so appointed. If for reasons whatsoever the aforesaid CIR is terminated, the petitioner would be at liberty to seek restoration of the present petition. The petition has become infructuous because the CIRP has already been initiated.

## Issues and analysis

### Issue 1: Whether the present petition is infructuous due to the initiation of the Corporate Insolvency …

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

…

**Reasoning:** The court reasoned that since the CIRP was already underway, the present petition served

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**Interpretation:** The initiation of CIRP takes precedence, and any subsequent petition seeking

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**Application:** Since CIRP was already initiated against the Corporate Debtor in IB No.

…

## Parties

- **Judges:** Saroj Ra…; Ina Mal…
- **Appellants:** M/s. Khosla…
- **Respondents:** M/s. NTL Electroni…; M/s. NTL Electroni…

## Timeline

- **2019-09-12 — Hearing…**: Hearing before the New Delhi Bench of…
- **2019-01-01 — CIRP Init…**: The CIRP process has already been initiated against the Corporate Debtor in IB No.…

## 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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