# In the matter of Primuss Pipes & Tubes Ltd. IA No.285-2021 in CP No.(IB) 353-ALD-2019

> NCLT judgment dated 2022-02-02. Citation: TCN-2022-NCLT-04281. The case pertains to IA No.285/2021 in CP No.(IB) 353/ALD/2019 before the National Company Law…

- **Court:** NCLT
- **Order date:** 2 Feb 2022
- **Citation:** TCN-2022-NCLT-04281
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/primuss-pipes-tubes-ltd-ia-no285-2021-in-cp-noib-353-ald-2019-08142738

## Summary

### Background

The case pertains to IA No.285/2021 in CP No.(IB) 353/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The hearing took place on February 2nd, 2022. The matter involves M/S Ashish Ispat Pvt Ltd V/S Primuss Pipes & Tubes Ltd, with proceedings under Section 9 of the IBC (in CIRP).

## Facts

The case involves IA No.285/2021 in CP No.(IB) 353/ALD/2019. The NCLAT, in its order dated January 7th, 2022, closed the CIRP against the corporate debtor, M/S Ashish Ispat Pvt Ltd V/S Primuss Pipes & Tubes Ltd. This closure rendered IA No.285/2021 infructuous. Consequently, pending applications IA No.267/2021 and Intervention Petition No.14/2021 also became infructuous. The relevance of the NCLAT order is that it directly impacted the viability and continuation of the proceedings in the present case.

## Issues and analysis

### Issue 1: Whether IA No.285/2021 has become infructuous due to the closure of the CIRP against the corporate …

**Ratio:** When the underlying proceedings (CIRP) are closed by a higher appellate authority

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**Reasoning:** The court reasoned that since the NCLAT closed the CIRP, the basis for IA No.285/2021 no

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**Interpretation:** The interpretation is that the continuation of an application is contingent

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**Application:** The NCLAT's order closing the CIRP directly applies to IA No.285/2021, making

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## Parties

- **Judges:** Rajasekha…; Virendra Kumar…
- **Respondents:** M/S ASHISH ISPAT…
- **Advocates:** Amar V…; Dhananja…

## Timeline

- **2022-01-07 — NCLAT Or…**: NCLAT closed the CIRP against the corporate debtor in Company Appeal (AT) (Insolvency)…
- **2022-02-02 — Hearing…**: Hearing of IA No.285/2021 took place…

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