# In the matter of Whiskers Infracare Private Limited

> NCLT judgment dated 2024-02-09. Citation: TCN-2024-NCLT-02668. The case pertains to a company petition filed by Whiskers Infracare Private Limited under…

- **Court:** NCLT
- **Order date:** 9 Feb 2024
- **Citation:** TCN-2024-NCLT-02668
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/whiskers-infracare-private-limited-98195c69

## Summary

### Background

The case pertains to a company petition filed by Whiskers Infracare Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate its own Corporate Insolvency Resolution Process (CIRP). The application was filed due to financial stress, which made the company unable to repay its debts to creditors. The Corporate Applicant was incorporated on 07.11.2013 under the Companies Act, 1956. The company's CIN is U74120MH2013PTC249891. The Corporate Applicant has produced audited financial statements for the financial years 2018-19 and 2019-20, which reflect the debts. The Corporate Applicant also submitted provisional financial statements for the financial year up to date 2020-21 and 01.04.2021 to 31.01.2022. The Bench directed the Corporate

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## Facts

Whiskers Infracare Private Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate its own Corporate Insolvency Resolution Process (CIRP) due to financial stress. The company was incorporated on 07.11.2013 under the Companies Act, 1956. The Corporate Applicant's CIN is U74120MH2013PTC249891. The company is engaged in the business of manpower placement, consultancy, and recruiting. The Corporate Applicant claimed to have suffered significant financial losses due to the Covid-19 lockdown. The Corporate Debtor owes operational creditors a total debt amounting to Rs. 2,28,18,419.53. The Corporate Applicant produced audited financial statements for the financial years 2018-19 and 2019-20, and provisional financial

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## Issues and analysis

### Issue 1: Whether the application made by the Corporate Applicant is complete in all respects as required by …

**Ratio:** The application must be complete in all respects

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**Reasoning:** The court perused the supporting documents annexed with the Petition and found that the

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**Interpretation:** The completeness of the application is a prerequisite for its admission under

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**Application:** The court found the application to be complete, thus satisfying this

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## Parties

- **Judges:** V.G. B…; Prabhat…
- **Respondents:** Whiskers Infracare…

## Timeline

- **2013-11-07 — Incorporation of…**: The Corporate Applicant, Whiskers Infracare Private Limited, was incorporated under the…
- **2022-01-25 — Board Reso…**: The Board of Directors of the Corporate Applicant passed a resolution authorizing Mr.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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