Sadashivam Balaji vs Cura Healthcare Pvt. Ltd
- CitationCompany Appeal (AT) (Insolvency) No. 1452 of 2019
Ratio decidendi
The rule this decision rests on
The Tribunal's dismissal of the appeal rests on a single proposition: once an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor has been admitted by the Adjudicating Authority, no further application under Section 9 by another operational creditor against the same corporate debtor is to be entertained, and any other operational creditor's remedy lies in filing its claim before the Interim Resolution Professional.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Sadashivam Balaji ...Appellant
Vs
Cura Healthcare Pvt. Ltd. ...Respondent
Present:
For Appellant: Mr. Anandh K. and Mr. Raunak Verma, Advocates.
For Respondent:
ORDER
16.12.2019: This appeal has been preferred by the Appellant against the
order dated 24th October, 2019 passed by the Adjudicating Authority (National
Company Law Tribunal), Division Bench, Chennai whereby application under
Section 9 preferred by Appellant for initiation of Corporate Insolvency Resolution
Process against M/s Cura Healthcare Pvt. Ltd. was dismissed.
2. Mr. K. Anandh, Learned counsel appearing on behalf of the Appellant
submits that subsequently another application under Section 9 against the same
Corporate Debtor has been admitted by the Adjudicating Authority, Division
Bench Chennai on 9th December, 2019 in 'R. Gomathi' Vs. 'Cura Healthcare
Private Limited'.
Company Appeal (AT) (Insolvency) No. 1452 of 2019 -2-
3. In the circumstances, there is no question of entertaining application
under Section 9 by any other Operational Creditor including the Appellant. The
Appellant may file its claim before the Interim Resolution Professional.
4. The appeal stands disposed of with aforesaid observation. No costs.
[Justice S. J. Mukhopadhaya] Chairperson
[Justice Bansi Lal Bhat] Member (Judicial)
[Justice Venugopal M.] Member (Judicial) am/gc
Company Appeal (AT) (Insolvency) No. 1452 of 2019
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