# In the matter of Umang Realtech Pvt. Ltd. (IB)-210(PB)-2019

> NCLT judgment dated 2019-09-06. Citation: TCN-2019-NCLT-01524. The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016…

- **Court:** NCLT
- **Order date:** 6 Sept 2019
- **Citation:** TCN-2019-NCLT-01524
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/umang-realtech-pvt-ltd-ib-210pb-2019-63716f03

## Summary

### Background

The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by Sanjay Bahl and Sangeetha Bahl against Umang Realtech Pvt. Ltd. The order was delivered on September 6, 2019. Another petition, Rachna Singh & Anr. vs Umang Realtech Pvt. Ltd., [(IB)-1564(PB)/2018], was admitted vide order dated August 20, 2019, concerning the same Corporate Debtor.

## Facts

Sanjay Bahl and Sangeetha Bahl filed a petition against Umang Realtech Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. Another petition, Rachna Singh & Anr. vs Umang Realtech Pvt. Ltd., was admitted on August 20, 2019. The court noted that Section 11 of the Code, 2016, prevents initiating another Corporate Insolvency Process against a corporate debtor already undergoing one. The petitioners are entitled to file their claim before the Insolvency Professional, Shri Manish Kumar Gupta. If the Appellate Tribunal sets aside the order dated August 20, 2019, the petitioners can file for revival or a fresh petition.

## Issues and analysis

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

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

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**Reasoning:** The court reasoned that allowing multiple insolvency processes against the same corporate

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**Interpretation:** Section 11 is interpreted to mean that once a corporate insolvency resolution

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**Application:** The court applied this principle to the case at hand, acknowledging that

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## Parties

- **Judges:** DEEPTI M…; SH. S. K.…
- **Appellants:** Sanjay…
- **Respondents:** Umang Realtech…

## Timeline

- **2019-08-20 — Order Da…**: Order passed in Rachna Singh & Anr. vs Umang Realtech Pvt. Ltd., [(IB)-1564(PB)/2018]…
- **2019-09-06 — Order Del…**: Order delivered in the matter of Sanjay Bahl and Sangeetha Bahl vs Umang Realtech Pvt.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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