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

> NCLT judgment dated 2023-01-19. Citation: TCN-2023-NCLT-05000. 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-05000
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/rolta-india-ltd-cpib-4375mb2018-c7d5fcfa

## 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, has been 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 becomes infructuous because of the prior admission. The Financial Creditor is granted liberty to file its claim before the Interim Resolution Professional of the Corporate Debtor.

## Issues and analysis

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

**Ratio:** When a Corporate Debtor has already been admitted under a prior Company Petition,

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**Reasoning:** The court reasoned that since Rolta India Limited had already been admitted under

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

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**Application:** The court applied this principle by closing the present Company Petition, as

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## Parties

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