# In the matter of Supertech Ltd. IB-658-ND-2021

> NCLT judgment dated 2022-04-07. Citation: TCN-2022-NCLT-03323. The case pertains to an application under Section 7 of the IBC Code, 2016. The Corporate…

- **Court:** NCLT
- **Order date:** 7 Apr 2022
- **Citation:** TCN-2022-NCLT-03323
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/supertech-ltd-ib-658-nd-2021-59edb242

## Summary

### Background

The case pertains to an application under Section 7 of the IBC Code, 2016. The Corporate Debtor, Supertech Ltd., is already undergoing CIRP (Corporate Insolvency Resolution Process) as per an earlier order dated 25.03.2022 in a matter relating to IB-204/ND/2021 Union Bank of India Vs. Supertech Ltd.

## Facts

Mr. Amit Mittal and Ors. filed a petition against M/s. Supertech Ltd. under Section 7 of the IBC Code, 2016. The Corporate Debtor, Supertech Ltd., is already subject to CIRP vide an order dated 2022-03-25 in the matter of IB-204/ND/2021 Union Bank of India Vs. Supertech Ltd. The Financial Creditor is now permitted to lodge their claim with the IRP appointed in the said matter. The Section 7 application bearing No. IB-658/ND/2021 was disposed of.

## Issues and analysis

### Issue 1: Whether the Section 7 application should be admitted given that the Corporate Debtor is already …

**Ratio:** When a Corporate Debtor is already undergoing CIRP, a fresh application under Section 7

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**Reasoning:** The court reasoned that since CIRP has already been initiated against the Corporate

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**Interpretation:** The interpretation is that the IBC aims to consolidate insolvency proceedings

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**Application:** Given that Supertech Ltd. was already undergoing CIRP based on a previous

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## Parties

- **Judges:** P.S.N. P…; RAHUL BHA…
- **Appellants:** Amit Mi…
- **Respondents:** Supertech…; M/s. Supertech…

## Timeline

- **2022-03-25 — CIRP Ord…**: Order issued subjecting Supertech Ltd. to CIRP in the matter of IB-204/ND/2021 Union Bank…
- **2022-04-07 — Order Del…**: Order delivered disposing of the Section 7…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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