# In the matter of Parsons Brinckerhoff India Pvt. Ltd. IB-809-ND-2019

> NCLT judgment dated 2019-12-12. Citation: TCN-2019-NCLT-00221. The case involves FP India Project Management Consultancy Services Pvt. Ltd. as the petitioner…

- **Court:** NCLT
- **Order date:** 12 Dec 2019
- **Citation:** TCN-2019-NCLT-00221
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/parsons-brinckerhoff-india-pvt-ltd-ib-809-nd-2019-d0b821e1

## Summary

### Background

The case involves FP India Project Management Consultancy Services Pvt. Ltd. as the petitioner and Parsons Brinckerhoff India Pvt. Ltd. as the respondent. The matter pertains to a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Hon'ble NCLAT had previously directed the Adjudicating Authority to close the CIRP proceedings and release the corporate debtor from the rigour of the CIRP.

## Facts

FP India Project Management Consultancy Services Pvt. Ltd. initiated a CIRP against Parsons Brinckerhoff India Pvt. Ltd. under Section 9 of the IBC. The Hon'ble NCLAT had issued an order on 2019-09-27 directing the Adjudicating Authority (NCLT) to close the CIRP proceedings. The NCLAT's order also stipulated that the corporate debtor, Parsons Brinckerhoff India Pvt. Ltd., be released from the restrictions imposed by the CIRP. The IRP was instructed to hand over the charge to the promoter/Board of Directors of the corporate debtor. The NCLT is now acting upon the NCLAT's order to formally close the CIRP proceedings and release the corporate debtor.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority (NCLT) should close the CIRP proceedings against Parsons …

**Ratio:** The principle of judicial hierarchy dictates that lower courts must follow the orders and

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**Reasoning:** The NCLT acknowledges the order passed by the Hon'ble NCLAT directing the closure of the

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**Interpretation:** This highlights the importance of adhering to the judicial hierarchy. The

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**Application:** The NCLT, upon perusal of the NCLAT's order, proceeds to close the CIRP

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## Parties

- **Judges:** SHRI. ABNI RANJAN…; V.K. SUB…
- **Appellants:** FP India Project…
- **Respondents:** Parsons Brinckerho…

## Timeline

- **2019-09-27 — NCLAT Or…**: The Hon'ble NCLAT directed the Adjudicating Authority to close the CIRP proceedings and…
- **2019-12-12 — NCLT Ord…**: The NCLT ordered the closure of the CIRP proceedings and directed the IRP to hand over…

## 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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