# In the matter of Umang Realtech Pvt. Ltd. C.P. No. IB-2019(PB)-2019

> NCLT judgment dated 2019-08-28. Citation: TCN-2019-NCLT-01704. Ratyal Construction Pvt. Ltd. filed a petition against Umang Realtech Pvt. Ltd. under Section 9…

- **Court:** NCLT
- **Order date:** 28 Aug 2019
- **Citation:** TCN-2019-NCLT-01704
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/umang-realtech-pvt-ltd-cp-no-ib-2019pb-2019-a98a4609

## Summary

### Background

Ratyal Construction Pvt. Ltd. filed a petition against Umang Realtech Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. However, a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has already been admitted by the bench in the case of Rachna Singh & anr. v. M/s. Umang Realtech Pvt. Limited, [(IB)-1564(PB)/2018] vide order dated 20.08.2019.

## Facts

Ratyal Construction Pvt. Ltd. filed a petition against Umang Realtech Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. Prior to this petition, a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 had already been admitted against Umang Realtech Pvt. Ltd. in the case of Rachna Singh & anr. v. M/s. Umang Realtech Pvt. Limited, [(IB)-1564(PB)/2018] vide order dated 20.08.2019. Section 11 of the Code, 2016, prohibits initiating another Corporate Insolvency Process against a corporate debtor already undergoing such a process. The Insolvency Professional for Umang Realtech Pvt. Ltd. is Mr. Manish Kumar Gupta.

## Issues and analysis

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

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

…

**Reasoning:** The court reasoned that since Umang Realtech Pvt. Ltd. was already undergoing a corporate

…

**Interpretation:** Section 11 is interpreted to mean that once a corporate debtor is undergoing a

…

**Application:** The court applied the ratio of Section 11 to the facts of the case, noting that

…

## Parties

- **Judges:** DEEPTI M…; SH. S.K MOH…
- **Appellants:** Ratyal Constructio…
- **Respondents:** Umang Realtech…
- **Advocates:** Jatin K…

## Timeline

- **2018-01-01 — Rachna Singh & anr. v. M/s. Umang Realtech Pvt.…**: A petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted…
- **2019-08-20 — Order Date for Rachna…**: Order dated 20.08.2019 in the case of Rachna Singh & anr. v. M/s. Umang Realtech Pvt.…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/umang-realtech-pvt-ltd-cp-no-ib-2019pb-2019-a98a4609