# In the matter of Kissan Impex Pvt Ltd Vs. Prem Chand Garg, CP (IB) No. 398(PB)/2022

> NCLT judgment dated 2022-06-06. Citation: TCN-2022-NCLT-02381. The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 6 Jun 2022
- **Citation:** TCN-2022-NCLT-02381
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/kissan-impex-pvt-ltd-vs-prem-chand-garg-cp-97ddd43e

## Summary

### Background

The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC). The matter involves Kissan Impex Pvt Ltd. as the Petitioner/Applicant and Anita Garg as the Respondent.

## Facts

Kissan Impex Pvt Ltd. filed an application against Anita Garg under Section 95(1) of the Insolvency and Bankruptcy Code. The court appointed Mr. Manoj Sehgal as the Resolution Professional (RP) and directed him to file an affidavit stating whether there are any disciplinary proceedings pending against him and that he qualifies to practice as Insolvency Professional. The RP is also directed to file a report in terms of Section 99 of the IBC within 10 days of this Order. The matter is listed for further proceedings on 22.07.2022.

## Issues and analysis

### Issue 1: Whether the application under Section 95(1) of the …

**Ratio:** Section 95(1) of the Insolvency and Bankruptcy Code allows for the initiation of

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**Reasoning:** The court is acting on an application filed under Section 95(1) of the IBC, indicating

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**Interpretation:** Section 95(1) provides the legal basis for initiating insolvency proceedings,

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**Application:** The fact that the court is proceeding with the appointment of a Resolution

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## Parties

- **Judges:** Sh. Dharminder…; SUMITAPURKA…
- **Appellants:** Kissan Impex Pvt…
- **Respondents:** Anita…

## Timeline

- **2022-06-06 — Order Del…**: Order delivered under Section 95(1)…
- **2022-07-22 — Further Proc…**: Matter listed for further…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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