# In the matter of Himalaya Food International Ltd. IB-491-(ND)-2020

> NCLT judgment dated 2022-06-01. Citation: TCN-2022-NCLT-04732. Montage Global Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 1 Jun 2022
- **Citation:** TCN-2022-NCLT-04732
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/himalaya-food-international-ltd-ib-491-nd-2020-bb70d9e6

## Summary

### Background

Montage Global Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Himalaya Food International Ltd.

## Facts

Montage Global Pvt. Ltd. is the Operational Creditor.

Himalaya Food International Ltd. is the Corporate Debtor.

The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016.

The Operational Creditor supplied printed/un-printed plastic packaging laminate pouches to the Corporate Debtor.

The Operational Creditor issued a demand notice dated 18.07.2019 under Section 8 of IBC, 2016.

The Corporate Debtor did not appear on 27.04.2022 and was proceeded ex-parte.

The Operational Creditor raised invoices from 15.11.2015 to 24.06.2017 amounting to Rs.7,88,898.86/-.

The applicant has not proposed the name of an IRP; therefore, this bench appoints Mr. Brijender Singh Deswal, as the Insolvency Resolution Professional of the corporate debtor.

## Issues and analysis

### Issue 1: Whether the application under Section …

**Ratio:** The Tribunal found that there was a default on the part of the respondent in pursuance of

…

**Reasoning:** The Corporate Debtor did not dispute the invoices or the debt. The Operational Creditor

…

**Interpretation:** Section 9(5) of the IBC allows for the admission of an application if a default

…

**Application:** The Tribunal admitted the application based on the undisputed default and

…

## Parties

- **Judges:** SHRI. DHARMINDER…; SUMITA PURK…; +1 more
- **Appellants:** Montage Global…
- **Respondents:** Himalaya Food…
- **Other parties:** Companies Act,…; Insolvency and…; +1 more

## Timeline

- **17.04.2001 — Incorpor…**: Montage Global Pvt.…
- **18.07.2019 — Demand N…**: Operational Creditor issued a Demand…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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