# In the matter of The Jeypore Sugar Company Ltd, CP-1315-IB-2018

> NCLT judgment dated 2019-02-27. Citation: TCN-2019-NCLT-04662. The case involves an application under CP/1315/IB/2018 before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 27 Feb 2019
- **Citation:** TCN-2019-NCLT-04662
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/the-jeypore-sugar-company-ltd-cp-1315-ib-2018-99fa96cc

## Summary

### Background

The case involves an application under CP/1315/IB/2018 before the National Company Law Tribunal (NCLT), Chennai. The Corporate Insolvency Resolution Process (CIRP) has been initiated against the Corporate Debtor based on an order dated 25.02.2019 passed by the Coordinate Bench.

## Facts

The case is CP/1315/IB/2018 before the NCLT Chennai. The CIRP has been initiated against the Corporate Debtor, The Jeypore Sugar Company Ltd, based on an order dated 25.02.2019 passed by the Coordinate Bench. The Operational Creditor, represented by Mr. Shivram, is directed to file their claim before the IRP without delay. The application is disposed of. The petitioner is Consolidated Construction Consortium Ltd.

## Issues and analysis

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

**Ratio:** When CIRP is initiated against a Corporate Debtor, Operational Creditors are required to

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**Reasoning:** The court reasoned that since CIRP had been initiated against the Corporate Debtor based

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**Interpretation:** This interpretation reinforces the importance of timely claim submission by

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**Application:** The court applied this principle by directing the Operational Creditor to file

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## Parties

- **Judges:** Ch. Mohd Sharief…
- **Appellants:** Consolidated…
- **Respondents:** THE JEYPORE SUGAR…

## Timeline

- **2019-02-25 — Order by Coordinate…**: An order was passed by the Coordinate Bench, initiating the CIRP against the Corporate…
- **2019-02-27 — NCLT Hea…**: The NCLT, Chennai, held a hearing where the counsel for the Corporate Debtor placed the…

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