# In the matter of Trimurti Foodtech Pvt Ltd. CP(IB)-4736-MB-IV-2018

> NCLT judgment dated 2020-01-07. Citation: TCN-2020-NCLT-02471. The case pertains to CP(IB)-4736/MB-IV/2018 filed under Section 9 of the Insolvency &…

- **Court:** NCLT
- **Order date:** 7 Jan 2020
- **Citation:** TCN-2020-NCLT-02471
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/trimurti-foodtech-pvt-ltd-cpib-4736-mb-iv-2018-ff3da4cf

## Summary

### Background

The case pertains to CP(IB)-4736/MB-IV/2018 filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. The matter involves Velji Dosabhai & Sons Pvt Ltd., the Operational Creditor, and Trimurti Foodtech Pvt Ltd., the Corporate Debtor. The order was delivered on January 7, 2020.

## Facts

Velji Dosabhai & Sons Pvt Ltd. is the Operational Creditor who initiated the insolvency proceedings against Trimurti Foodtech Pvt Ltd., the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority passed an order on January 1, 2020, and this order dated January 7, 2020, is in continuation of the previous order. The key fact is the appointment of Mr. Anand Gopikishan Mundada as the Interim Resolution Professional (IRP) to manage the affairs of the Corporate Debtor during the initial phase of the insolvency resolution process. The IRP is directed to take further steps immediately.

## Issues and analysis

### Issue 1: Whether Mr. Anand Gopikishan Mundada should be appointed as the Interim Resolution Professional …

**Ratio:** The ratio is based on the Adjudicating Authority's power to appoint an IRP to manage the

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**Reasoning:** The Adjudicating Authority reasoned that appointing an IRP is necessary to initiate and

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**Interpretation:** The interpretation involves the Adjudicating Authority exercising its statutory

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**Application:** The ratio and reasoning are applied to the specific facts by appointing Mr.

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## Parties

- **Judges:** Rajasekha…; RavikumarDu…
- **Appellants:** Velji Dosabhai &…
- **Respondents:** Trimurti Foodtech…

## Timeline

- **2020-01-01 — Previous…**: An order was passed by the…
- **2020-01-07 — Appointment…**: Mr. Anand Gopikishan Mundada is appointed as…

## 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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