# In the matter of ppagro India Pvt. Ltd. CP. No. (IB)-06-10-JPR-2022

> NCLT judgment dated 2022-02-08. Citation: TCN-2022-NCLT-04219. The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 8 Feb 2022
- **Citation:** TCN-2022-NCLT-04219
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ppagro-india-pvt-ltd-cp-no-ib-06-10-jpr-2022-377ce569

## Summary

### Background

The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant is Ppagro India Pvt. Ltd. The court heard Mr. Nitesh Shrivastava, Advocate for the Applicant.

## Facts

Ppagro India Pvt. Ltd. filed an application under Section 10 of the IBC, 2016. The applicant's counsel, Mr. Nitesh Shrivastava, was heard. The court issued notices to the RoC, IBBI, Income Tax Department, and Creditors. The applicant was directed to serve these notices via speed post and file an affidavit of service with postal tracking details within two weeks. Replies, if any, are to be filed within two weeks with an advance copy to the opposing counsel. It was submitted that PNB is a sole Financial Creditor. The court found the Financial Statements incomplete and directed the counsel to complete them. The matter was listed on 11.02.2022.

## Issues and analysis

### Issue 1: Whether notice should be issued to the RoC, …

**Ratio:** The issuance of notice is a procedural requirement to ensure all relevant parties are

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**Reasoning:** The court reasoned that issuing notice to the RoC, IBBI, Income Tax Department, and

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**Interpretation:** The interpretation is that the court is following due process by ensuring all

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**Application:** The court applied this principle by directing that notices be issued to the

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## Parties

- **Judges:** Deep Chandr…; RAGHU N…; +1 more
- **Appellants:** PPagro India Pvt.…

## Timeline

- **2022-02-08 — Order Da…**: Order issued by the…
- **2022-02-11 — Next Hearin…**: Matter listed for…

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