# In the matter of Sumeru Processors Pvt. Ltd. (IB)-328(PB)-2019

> NCLT judgment dated 2019-04-15. Citation: TCN-2019-NCLT-03892. Prayag Polytech Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 15 Apr 2019
- **Citation:** TCN-2019-NCLT-03892
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sumeru-processors-pvt-ltd-ib-328pb-2019-0929c15f

## Summary

### Background

Prayag Polytech Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sumeru Processors Pvt. Ltd. However, a similar petition against the same corporate debtor, Sumeru Processors Pvt. Ltd., filed by Enkay (India) Rubber Co. Pvt. Ltd. had already been admitted. The order was passed on 15.04.2019.

## Facts

Prayag Polytech Pvt. Ltd. filed a petition against Sumeru Processors Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Prior to this petition, Enkay (India) Rubber Co. Pvt. Ltd. had already initiated a CIRP against Sumeru Processors Pvt. Ltd., and the petition was admitted on 15.04.2019. Section 11 of the IBC prohibits initiating another CIRP against a corporate debtor already undergoing one. The Insolvency Professional was Mr. Vijender Sharma.

## Issues and analysis

### Issue 1: Whether another Corporate Insolvency Resolution Process can be initiated against a corporate debtor …

**Ratio:** Section 11 of the Insolvency and Bankruptcy Code, 2016 prohibits the initiation of

…

**Reasoning:** The court reasoned that since a CIRP had already been initiated against Sumeru Processors

…

**Interpretation:** Section 11 is interpreted to prevent multiple, simultaneous CIRPs against the

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**Application:** Since Sumeru Processors Pvt. Ltd. was already undergoing a CIRP initiated by

…

## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Prayag Polytech…
- **Respondents:** Sumeru Processors…
- **Advocates:** Virender…; Vipul G…; +4 more

## Timeline

- **2018-01-01 — Earlier Pe…**: Enkay (India) Rubber Co. Pvt. Ltd. filed a petition against Sumeru Processors Pvt. Ltd.…
- **2019-04-15 — Admission of Earlier…**: The petition filed by Enkay (India) Rubber Co. Pvt. Ltd. against Sumeru Processors Pvt.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 11 — Persons not entitled to make application](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-11)

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