# In the matter of Purulia Metal Casting Private Limited

> NCLT judgment dated 2023-10-20. Citation: TCN-2023-NCLT-01083. An application was filed under section 9 of the Insolvency and Bankruptcy Code, 2016, by…

- **Court:** NCLT
- **Order date:** 20 Oct 2023
- **Citation:** TCN-2023-NCLT-01083
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/purulia-metal-casting-private-limited-29adbb68

## Summary

### Background

An application was filed under section 9 of the Insolvency and Bankruptcy Code, 2016, by Neelkanth Ores Private Limited (Operational Creditor) against Purulia Metal Casting Private Limited (Corporate Debtor) for the initiation of Corporate Insolvency Resolution Process (CIRP).

## Facts

Neelkanth Ores Private Limited, the Operational Creditor, filed a petition under section 9 of the Insolvency and Bankruptcy Code, 2016, read with rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Purulia Metal Casting Private Limited, the Corporate Debtor. The application was filed before the National Company Law Tribunal, Kolkata Bench (Court -II).

## Issues and analysis

### Issue 1: Whether the petition filed by the Operational Creditor for initiation of CIRP against the Corporate …

**Ratio:** A petition for initiating CIRP against a corporate debtor becomes infructuous if the

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**Reasoning:** The Adjudicating Authority found that the Corporate Debtor, Purulia Metal Casting Private

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**Interpretation:** The court interpreted the situation to mean that once a corporate debtor is

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**Application:** Given that Purulia Metal Casting Private Limited was already under CIRP, the

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## Parties

- **Judges:** BIDISHA BA…; Balraj…; +1 more
- **Appellants:** Neelkanth Ores…
- **Respondents:** Purulia Metal…
- **Advocates:** Raj Soing…

## Timeline

- **October 16, 2023 — Order Res…**: The order in the present…
- **October 18, 2023 — Corporate Debtor…**: The Adjudicating Authority issued an order in CP(IB)/346(KB)2021, admitting Purulia Metal…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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