# In the matter of Shri Girirajji Chemtech Pvt. Ltd. IA No. 231-2021 In
CP No. (IB) 18-ALD-2021

> NCLT judgment dated 2022-02-08. Citation: TCN-2022-NCLT-04211. The case involves an application (IA No. 231/2021) seeking the substitution of the name of the…

- **Court:** NCLT
- **Order date:** 8 Feb 2022
- **Citation:** TCN-2022-NCLT-04211
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/shri-girirajji-chemtech-pvt-ltd-ia-no-231-2021-in-cp-no-ib-18-ald-2021-76658584

## Summary

### Background

The case involves an application (IA No. 231/2021) seeking the substitution of the name of the original petitioning creditor with that of Mr. Vaibhav Agarwal, the son of the original petitioning creditor, due to the death of the original petitioner. The main case is CP No. (IB) 18/ALD/2021.

## Facts

The original petitioning creditor in CP No. (IB) 18/ALD/2021 passed away. IA No. 231/2021 was filed seeking to substitute the deceased creditor's name with his son, Mr. Vaibhav Agarwal. The counsels reported to the NCLT that the matter had been settled out of court. This settlement led to the dismissal of the main case and the consequential dismissal of the substitution application.

## Issues and analysis

### Issue 1: Whether the application for substitution of the original petitioning creditor's name should be …

**Ratio:** An application for substitution becomes

…

**Reasoning:** The court reasoned that since the main matter (CP No. (IB) 18/ALD/2021) was settled out

…

**Interpretation:** This highlights the principle that procedural applications are contingent on

…

**Application:** Because the parties settled CP No. (IB) 18/ALD/2021, the court dismissed IA No.

…

## Parties

- **Judges:** Rajasekha…; Virendra Kumar…
- **Respondents:** GIRIRAJJI…
- **Advocates:** Sh. Amitabh…; Sh. Saurab…

## Timeline

- **2022-02-08 — Hearing…**: Hearing held on…
- **N/A — Application for…**: IA No. 231/2021 filed seeking substitution of…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/shri-girirajji-chemtech-pvt-ltd-ia-no-231-2021-in-cp-no-ib-18-ald-2021-76658584