# In the matter of Ram Charan Company Private Limited CP(IB)-79(CHE)-2021

> NCLT judgment dated 2022-04-21. Citation: TCN-2022-NCLT-04932. Witmans Industries Private Limited filed an application under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 21 Apr 2022
- **Citation:** TCN-2022-NCLT-04932
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/ram-charan-company-private-limited-cpib-79che-2021-97221bfc

## Summary

### Background

Witmans Industries Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ram Charan Company Private Limited.

## Facts

Witmans Industries Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016.

The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against Ram Charan Company Private Limited.

The order was pronounced on 21st April 2022.

Mr. S. Vasudevan is appointed as the Interim Resolution Professional (IRP).

The application was admitted vide order dated 19.04.2022.

## Issues and analysis

### Issue 1: Whether the application filed by the Operational Creditor under Section 9 of the I&B Code, …

**Ratio:** The application is admitted based on the

…

**Reasoning:** The Authority found merit in the application filed by the Operational Creditor and

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**Interpretation:** Section 9 of the I&B Code, 2016, allows an Operational Creditor to initiate

…

**Application:** The court applied Section 9 of the I&B Code, 2016, to the facts of the case

…

## Parties

- **Judges:** R. Sucha…; SAMEER…
- **Appellants:** Witmans Industries…
- **Respondents:** Ram Charan…
- **Other parties:** S. Vasu…
- **Advocates:** Anuj Kumar…; Mr.Ananth M…

## Timeline

- **2022-04-21 — Order Pron…**: Order pronounced on 21st April…
- **2022-04-19 — Order Da…**: Order dated 19.04.2022…

## 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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