# In the matter of Reliance Telecom Ltd. C.P. No.(IB)4208(MB)-2018

> NCLT judgment dated 2019-05-08. Citation: TCN-2019-NCLT-03406. The case pertains to a Company Petition filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 8 May 2019
- **Citation:** TCN-2019-NCLT-03406
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/reliance-telecom-ltd-cp-noib4208mb-2018-709e2663

## Summary

### Background

The case pertains to a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, against a Corporate Debtor undergoing the Corporate Insolvency Resolution Process (CIRP). The petition was heard by the Mumbai Bench of the National Company Law Tribunal (NCLT).

## Facts

ZTE Corporation filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Reliance Telecom Ltd, which is undergoing the Corporate Insolvency Resolution Process (CIRP). The petition was filed before the Mumbai Bench of the National Company Law Tribunal (NCLT). The NCLT dismissed the petition but granted ZTE Corporation the liberty to file its claim before the Resolution Professional.

## Issues and analysis

### Issue 1: Whether the Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, …

**Ratio:** The ratio is that a petition under Section 9 may not be the appropriate remedy when the

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**Reasoning:** The court reasoned that since the Corporate Debtor is already undergoing CIRP, the

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**Interpretation:** This indicates a preference for resolving claims within the existing CIRP

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**Application:** The court applied this principle by dismissing the petition but allowing the

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## Parties

- **Judges:** V. P. S…; RavikumarDu…
- **Appellants:** ZTE Corpo…
- **Respondents:** Reliance Telecom…

## Timeline

- **2018-01-01 — C.P. Fil…**: Company Petition…
- **2019-05-08 — Hearing…**: Hearing of the Mumbai Bench of the…

## 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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