# In the matter of Sahs Lifesciences Private Limited CP (IB) No.345-Chd-Hry-2018

> NCLT judgment dated 2018-12-19. Citation: TCN-2018-NCLT-00049. The case CP (IB) No.345/Chd/Hry/2018 was filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 19 Dec 2018
- **Citation:** TCN-2018-NCLT-00049
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sahs-lifesciences-private-limited-cp-ib-no345-chd-hry-2018-0b2e832e

## Summary

### Background

The case CP (IB) No.345/Chd/Hry/2018 was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. M/s Shankar Soya Products, an operational creditor, filed the petition against M/s Sahs Lifesciences Private Limited, the corporate debtor. The order was delivered on 19.12.2018.

## Facts

M/s Shankar Soya Products, a proprietorship entity, filed a petition as an operational creditor against M/s Sahs Lifesciences Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), Chandigarh Bench, considered the matter. An order of admission was previously passed in CP (IB) No.239/Chd/Hry/2018 titled M/s Real Soya Enterprises Versus M/s Sahs Lifesciences Pvt. Ltd. The court disposed of the instant petition, granting the petitioner the liberty to file its claim before the Interim Resolution Professional or Resolution Professional.

## Issues and analysis

### Issue 1: Whether the petition filed by M/s Shankar Soya Products should be admitted or disposed of in light …

**Ratio:** When a similar petition has already been admitted against the same corporate debtor,

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**Reasoning:** The court took into consideration the order of admission dated 19.12.2018 passed in CP

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**Interpretation:** This interpretation ensures that multiple operational creditors can pursue

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**Application:** The court applied the principle by disposing of the petition filed by M/s

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## Parties

- **Judges:** R.P.Nag…; Pradeep R.…
- **Appellants:** M/s Shankar Soya…
- **Respondents:** M/s Sahs Lifescien…

## Timeline

- **2018-12-19 — Order of Ad…**: Order of admission dated 19.12.2018 passed in CP (IB) No.239/Chd/Hry/2018 titled as M/s…
- **2018-12-19 — Final Or…**: The instant petition is disposed of with liberty to the petitioner-operational creditor…

## 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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