# In the matter of Shri Lal Mahal Ltd.(now known as Nutrionenex Manufacturers Ltd.) IB-2358-ND-2019

> NCLT judgment dated 2021-04-07. Citation: TCN-2021-NCLT-02445. The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).…

- **Court:** NCLT
- **Order date:** 7 Apr 2021
- **Citation:** TCN-2021-NCLT-02445
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/shri-lal-mahal-ltdnow-known-as-nutrionenex-manufacturers-ltd-ib-2358-nd-2019-10d73c4e

## Summary

### Background

The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor's counsel submitted that the corporate debtor is already undergoing the Corporate Insolvency Resolution Process (CIRP) in another case (IB-613/ND/2019).

## Facts

Mr. Satpal Vinod Kumar filed a petition against M/s. Nutrionenex Manufacturers Ltd. under Section 9 of the IBC. The operational creditor's counsel informed the court that M/s. Nutrionenex Manufacturers Ltd. is already undergoing CIRP in case IB-613/ND/2019. The court noted this submission and the fact that the corporate debtor is subject to CIRP. The operational creditor is directed to file their claim before the IRP of the corporate debtor, M/s. Nutrionex Manufacture Limited. The petition IB-2358/ND/2019 was dismissed.

## Issues and analysis

### Issue 1: Whether the present petition under Section 9 of IBC should be entertained when the corporate debtor …

**Ratio:** Duplication of insolvency proceedings is generally avoided to ensure efficient resolution

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**Reasoning:** The court reasoned that since the corporate debtor is already subject to CIRP in

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**Interpretation:** The interpretation of IBC emphasizes consolidation of claims within a single

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**Application:** Given that M/s. Nutrionenex Manufacturers Ltd. is already undergoing CIRP, the

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## Parties

- **Judges:** P.S.N. P…; V.K. SUB…
- **Appellants:** Satpal Vino…
- **Respondents:** M/s. Nutrionenex…
- **Advocates:** Radhika…

## Timeline

- **2021-04-07 — Order Del…**: Order delivered on 07.04.2021,…

## 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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