# In the matter of Igrphenix Electron Private Limited

> NCLT judgment dated 2024-03-04. Citation: TCN-2024-NCLT-02232. The case pertains to an order under Section 9 of the Insolvency & Bankruptcy Code, 2016. The…

- **Court:** NCLT
- **Order date:** 4 Mar 2024
- **Citation:** TCN-2024-NCLT-02232
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/igrphenix-electron-private-limited-fc67c5fa

## Summary

### Background

The case pertains to an order under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner sought an adjournment due to difficulties in obtaining instructions from their client in Mainland, China, citing language constraints. The respondent's counsel appeared physically and confirmed payment of costs imposed. The court noted the petitioner's lack of seriousness in prosecuting the matter.

## Facts

Pair Hong Kong Co Limited filed a petition against Igrphenix Electron Private Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel, Mr. Rohit Chaudhary, requested an adjournment due to difficulties in obtaining instructions from his client located in Mainland, China, citing language constraints and the time required for communication. The respondent's counsel, Ms. Reema Khorana, appeared physically and confirmed that the cost imposed upon the Respondent/CD has been paid and the proof of payment regarding the same is submitted. The court observed that the petitioner had not filed the list of dates and events and issue-wise chart as directed. The court noted the petitioner's lack of seriousness in prosecuting the matter and

…

## Issues and analysis

### Issue 1: Whether the adjournment request by the petitioner should be granted considering the difficulties in …

**Ratio:** Courts have discretion to grant adjournments based on reasonable grounds, but this

…

**Reasoning:** The court considered the petitioner's explanation for the adjournment request, including

…

**Interpretation:** The interpretation involves balancing the petitioner's right to adequate

…

**Application:** In this case, the court initially considered granting an adjournment but

…

## Parties

- **Judges:** Ramalingam…; Sh. Avinash K.…
- **Appellants:** Pair Hong Kong Co…
- **Respondents:** Igrphenix…

## Timeline

- **2024-01-24 — Reply to Amended…**: The reply to the amended petition…
- **2024-01-30 — Court Rec…**: The court recorded the appearances of…

## 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-division-bench-court-i-chenn/igrphenix-electron-private-limited-fc67c5fa