# In the matter of U. I. Beverages Pvt. Ltd. IA No. 213-2020 & No.320-2020 in CP (IB) No.97-Chd-Pb-2019

> NCLT judgment dated 2020-09-18. Citation: TCN-2020-NCLT-00585. Nilkamal Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 18 Sept 2020
- **Citation:** TCN-2020-NCLT-00585
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/u-i-beverages-pvt-ltd-ia-no-213-2020-no320-2020-in-cp-ib-no97-chd-pb-2019-bb7f694a

## Summary

### Background

Nilkamal Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against U. I. Beverages Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CP was admitted ex-parte on 02.03.2020 due to the Corporate Debtor's non-appearance. Rajnishpal Singh Dhaliwal, a promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213 of 2020 seeking to set aside the ex-parte admission order. Punjab National Bank, the sole CoC member, filed IA No. 320/2020 to implead itself as a party-respondent in IA No. 213/2020.

## Facts

Nilkamal Limited, an operational creditor, initiated CIRP against U. I. Beverages Private Limited by filing CP (IB) No.97/Chd/Pb/2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, U. I. Beverages Private Limited, did not appear or file any counter to the CP. The NCLT admitted the CP ex-parte on 02.03.2020 and appointed a Resolution Professional. Rajnishpal Singh Dhaliwal, promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213/2020 seeking to set aside the admission order, arguing that the notice served was invalid because it lacked the CP number and the next hearing date. The Corporate Debtor admitted to receiving the entire copy of the CP application. Punjab National Bank, the sole CoC

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## Issues and analysis

### Issue 1: Whether the service of notice to the Corporate Debtor, U. I. Beverages Private Limited, was valid …

**Ratio:** Service of notice through speed post is considered a valid mode of service under the

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**Reasoning:** The court reasoned that once the Corporate Debtor received the complete copy of the CP

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**Interpretation:** The court interpreted the requirements for valid service under the IBC to

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**Application:** In this case, the Corporate Debtor admitted to receiving the complete copy of

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## Parties

- **Judges:** Ajay Kumar…; RaghuNa…
- **Appellants:** Rajnishpal Singh…
- **Respondents:** U I Beverages…
- **Advocates:** Atul V.…; Gurpreet…; +2 more

## Timeline

- **2019-03-18 — Notice I…**: Notice of the petition was issued to the Corporate Debtor to show cause as to why the…
- **2019-03-22 — Affidavit of Service…**: Affidavit of service supported by tracking…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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