# In the matter of Zillion Infraprojects Pvt. Ltd. (IB)-56(PB)-2019

> NCLT judgment dated 2019-02-12. Citation: TCN-2019-NCLT-04889. The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against…

- **Court:** NCLT
- **Order date:** 12 Feb 2019
- **Citation:** TCN-2019-NCLT-04889
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/zillion-infraprojects-pvt-ltd-ib-56pb-2019-0b78897c

## Summary

### Background

The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Zillion Infraprojects Pvt. Ltd. C.P. No. (IB)-694(PB)/2018 was filed, and the order was pronounced on 05.02.2019. The petitioner is allowed to file its claim before the Resolution Professional, to be considered in accordance with the law.

## Facts

Berger Paints India Ltd. filed a petition against Zillion Infraprojects Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Zillion Infraprojects. C.P. No. (IB)-694(PB)/2018 was filed, and an order was pronounced on 05.02.2019. The current petition, C.P. No. (IB)-56(PB)/2019, is disposed of, but the petitioner is allowed to file a claim with the Resolution Professional. If the order dated 05.02.2019, passed in C.P. No. (IB)-694(PB)/2018 involving L & T Finance Ltd. and Zillion Infraprojects, is set aside in appeal, the parties can apply for revival of the disposed petition.

## Issues and analysis

### Issue 1: Whether C.P. No. …

**Ratio:** The court has the power to dispose of petitions before it, especially when the underlying

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**Reasoning:** The court decided to dispose of C.P. No. (IB)-56(PB)/2019, indicating that the immediate

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**Interpretation:** The disposal signifies a closure to the specific matter brought before the

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**Application:** The court applied its discretion to dispose of the petition, considering the

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## Parties

- **Judges:** M. M. K…; DEEPTI M…
- **Appellants:** Berger Paints…
- **Respondents:** Zillion Infraproje…
- **Advocates:** Debayan…; Swar…

## Timeline

- **2018-01-01 — Filing of C.P. No.…**: C.P. No. (IB)-694(PB)/2018 was filed…
- **2019-02-05 — Order Pron…**: An order was pronounced on 05.02.2019 in…

## 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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