# In the matter of Rolta India Ltd. C.P.(IB)-4375(MB)2018

> NCLT judgment dated 2023-01-19. Citation: TCN-2023-NCLT-04989. The case involves a Company Petition filed against Rolta India Limited. The Corporate Debtor,…

- **Court:** NCLT
- **Order date:** 19 Jan 2023
- **Citation:** TCN-2023-NCLT-04989
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/rolta-india-ltd-cpib-4375mb2018-72008533

## Summary

### Background

The case involves a Company Petition filed against Rolta India Limited. The Corporate Debtor, Rolta India Limited, was admitted by the Bench vide its Order dated 19.01.2023, passed in CP/IB/530/2020.

## Facts

The Corporate Debtor, Rolta India Limited, was admitted by the Bench vide its Order dated 19.01.2023, passed in CP/IB/530/2020. The present Company Petition against the Corporate Debtor was filed by Value Partners Greater China High Yield Income Fund & Anr. The court observed that since the Corporate Debtor has already been admitted, the present petition becomes infructuous.

## Issues and analysis

### Issue 1: Whether the present Company Petition against the Corporate Debtor should be continued, given that …

**Ratio:** When a Corporate Debtor has already been admitted under a previous order, any subsequent

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**Reasoning:** The court reasoned that since the Corporate Debtor, Rolta India Limited, has already been

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**Interpretation:** This legal principle ensures that multiple proceedings against the same

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**Application:** In this case, since Rolta India Limited had already been admitted under

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## Parties

- **Judges:** P.N. Des…; SH. SHYAM BABU…
- **Appellants:** VALUE PARTNERS…
- **Respondents:** Rolta Indi…

## Timeline

- **2023-01-19 — Order Da…**: Order passed admitting the Corporate Debtor,…
- **2023-01-19 — Hearing…**: Hearing on the present…

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