# 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-04216. 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-04216
- **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-2022-86e1b551

## 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. The applicant's counsel was Mr. Nitesh Shrivastava. The court directed the issuance of notices to the RoC, IBBI, Income Tax Department, and Creditors. The applicant was instructed to collect and send the notices along with relevant documents. 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 RoC, …

**Ratio:** The principle of natural justice requires that all relevant parties be given an

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

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**Interpretation:** This ensures compliance with procedural fairness and allows the court to have a

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**Application:** The court applied this principle by directing the issuance of notices 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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