# In the matter of Sri Srivathsha Paper Mills CP-1108-IB-2018

> NCLT judgment dated 2018-11-30. Citation: TCN-2018-NCLT-00235. The case involves an application related to a Corporate Debtor against whom an order was passed…

- **Court:** NCLT
- **Order date:** 30 Nov 2018
- **Citation:** TCN-2018-NCLT-00235
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sri-srivathsha-paper-mills-cp-1108-ib-2018-8c5464c5

## Summary

### Background

The case involves an application related to a Corporate Debtor against whom an order was passed in CP/762/2018, initiating the CIRP on November 13, 2018. The counsel for both parties were present.

## Facts

The counsel for both parties were present. An order was passed against the Corporate Debtor in CP/762/2018, initiating the CIRP on November 13, 2018. The Operational Creditor is directed to file the claim before the IRP without any delay. This is relevant because it ensures the operational creditor participates in the CIRP process.

## Issues and analysis

### Issue 1: Whether the Operational Creditor should be directed to file their claim before the IRP in light of …

**Ratio:** The legal principle applied is the obligation of operational creditors to participate in

…

**Reasoning:** The court reasoned that since the CIRP has been initiated, it is necessary for the

…

**Interpretation:** This interprets the IBC provisions related to the CIRP process and the role of

…

**Application:** The ratio and reasoning are applied to the specific facts by directing the

…

## Parties

- **Judges:** Ch. Mohd Sharief…; S. VIJAYARA…
- **Appellants:** ARJUN CHEMICALS…
- **Respondents:** srivathsha paper…
- **Advocates:** Rohan Rajas…; R. Vidhyas…; +1 more

## Timeline

- **2018-11-30 — Hearing…**: Hearing held at 10:30…
- **2018-11-13 — CIRP Init…**: CIRP initiated against the…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/sri-srivathsha-paper-mills-cp-1108-ib-2018-8c5464c5