# In the matter of Jaipur Scientific Agriculture Solutions Pvt. Ltd. CP No. (IB)- 208-9-JPR-2019

> NCLT judgment dated 2022-05-23. Citation: TCN-2022-NCLT-02663. The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC),…

- **Court:** NCLT
- **Order date:** 23 May 2022
- **Citation:** TCN-2022-NCLT-02663
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/jaipur-scientific-agriculture-solutions-pvt-ltd-cp-no-ib-208-9-jpr-2019-676af0ae

## Summary

### Background

The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditor, Mr. Hemant Pareek, filed a petition against the Corporate Debtor, Jaipur Scientific Agriculture Solution Pvt. Ltd. The Corporate Debtor is already undergoing Corporate Insolvency Resolution Process (CIRP) under CP No. (IB)-213/9/JPR/2019.

## Facts

Mr. Hemant Pareek, the Operational Creditor, filed a CP (Company Petition) under Section 9 of the IBC against Jaipur Scientific Agriculture Solution Pvt. Ltd., the Corporate Debtor. The Corporate Debtor is already undergoing CIRP under CP No. (IB)-213/9/JPR/2019. The counsel for the Operational Creditor submitted this fact to the court. The court then directed the Petitioner/Applicant to submit their claim before the IRP.

## Issues and analysis

### Issue 1: Whether the application under Section 9 of IBC should be admitted given that the Corporate Debtor …

**Ratio:** When a Corporate Debtor is already undergoing CIRP, any new claims against the Corporate

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**Reasoning:** The court reasoned that since the Corporate Debtor is already facing CIRP, it would be

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**Interpretation:** The interpretation is that the IBC aims to consolidate all claims against a

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**Application:** The court applied this principle by directing the Petitioner/Applicant to

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## Parties

- **Judges:** Deep Chandr…; RAGHU N…; +1 more
- **Appellants:** Hemant P…
- **Respondents:** Jaipur Scientific…; Jaipur Scientific…

## Timeline

- **2019-01-01 — CIRP Init…**: Corporate Debtor is already facing…
- **2022-05-23 — Order Da…**: Court directed the Petitioner/Applicant…

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