# In the matter of Terrene Pharma Pvt. Ltd. C.P. (IB) No. 353-9-NCLT-AHM-2019

> NCLT judgment dated 2019-08-23. Citation: TCN-2019-NCLT-01809. The case pertains to C.P. (I.B) No. 353/9/NCLT/AHM/2019 before the Ahmedabad bench of the…

- **Court:** NCLT
- **Order date:** 23 Aug 2019
- **Citation:** TCN-2019-NCLT-01809
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/terrene-pharma-pvt-ltd-cp-ib-no-353-9-nclt-ahm-2019-194e5be0

## Summary

### Background

The case pertains to C.P. (I.B) No. 353/9/NCLT/AHM/2019 before the Ahmedabad bench of the National Company Law Tribunal. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code. The petitioner is represented by Pratik Tripathi, PCS.

## Facts

The case involves Bhopal Glues & Chemicals Pvt. Ltd. as the applicant against Terrene Pharma Pvt. Ltd. The petition, C.P. (I.B) No. 353/9/NCLT/AHM/2019, was filed under Section 9 of the Insolvency and Bankruptcy Code. A related petition, CP(IB) 582 of 2018, against the same corporate debtor, Terrene Pharma Pvt. Ltd., had already been admitted by another bench of the same court on 2019-08-14. Because of the prior admission of the related petition, the current petition was deemed infructuous.

## Issues and analysis

### Issue 1: Whether the petition CP(IB) 353/9/NCLT/AHM/2019 should be proceeded with, given that a similar …

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

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**Reasoning:** The court reasoned that since CP(IB) 582 of 2018, concerning the same corporate debtor,

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**Interpretation:** The interpretation is that once a petition for insolvency has been admitted

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**Application:** The ratio and reasoning were applied to the facts of the case, leading the

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## Parties

- **Judges:** Harihar Prakash…; Prasanta Kumar…
- **Appellants:** Bhopal Glues &…
- **Respondents:** Terrene Pharma…

## Timeline

- **2018-01-01 — CP(IB) 582/20…**: A petition, CP(IB) 582 of 2018, was…
- **2019-08-14 — Order in CP(IB)…**: Order dated 14.08.2019 passed in CP(IB) 582 of 2018 admitting the petition against…

## 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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