# In the matter of Reliance Telecom ltd. C.P. No.(IB)4233(MB0-2018

> NCLT judgment dated 2019-05-08. Citation: TCN-2019-NCLT-03400. 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-03400
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/reliance-telecom-ltd-cp-noib4233mb0-2018-6f225c24

## 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).

## Facts

ZTE Telecom India Pvt Ltd filed a company petition against Reliance Telecom Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Reliance Telecom Ltd was undergoing the Corporate Insolvency Resolution Process (CIRP). The petition was dismissed, but ZTE Telecom India Pvt Ltd was granted 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 court has the discretion to dismiss a petition if it deems fit, especially when the

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**Reasoning:** The court dismissed the petition considering the circumstances and the fact that the

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**Interpretation:** Section 9 of the IBC allows operational creditors to initiate CIRP. However,

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**Application:** In this case, the court applied its discretion to dismiss the petition but

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## Parties

- **Judges:** V. P. S…; Ravikumar…; +1 more
- **Appellants:** ZTE Telecom India…
- **Respondents:** Reliance Telecom…

## Timeline

- **2018-01-01 — C.P. Fil…**: C.P. No.(IB)4233(MB)/201…
- **2019-05-08 — Order Sheet…**: Order sheet of the hearing of Mumbai Bench…

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