# In the matter of Comandur Parthasarathy vs. Lalit Kumar Dangi and Ors.

> NCLAT judgment dated 2025-06-19. Citation: TCN-2025-NCLAT-00352. The appellant, Comandur Parthasarathy, challenged an order dated 21.10.2024 passed in IA No.…

- **Court:** NCLAT
- **Order date:** 19 Jun 2025
- **Citation:** TCN-2025-NCLAT-00352
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/comandur-parthasarathy-vs-lalit-kumar-dangi-and-ors-6697289f

## Summary

### Background

The appellant, Comandur Parthasarathy, challenged an order dated 21.10.2024 passed in IA No. 1987/2024 in CP (IB) No. 111/95/HDB/2024, arguing that it deprived him of the opportunity to object to a report submitted under Section 95 of the I&B Code.

## Facts

The Appellant challenged the impugned order on the ground that he was not given sufficient time to file objections to the report submitted under Section 95 of the I&B Code.

The Resolution Professional issued a notice on 21.06.2024 seeking information from the Appellant but provided only two days to submit the information.

Section 99(5) of the I&B Code stipulates that a person from whom information is sought under Section 99(4) shall furnish the same within seven days of receipt of such request.

The Respondent argued that the Appellant sought a copy of the company petition on 29.06.2024 and was provided the copy on 03.07.2024, and he waited till 23.07.2024 for the required information before filing the report.

…

## Issues and analysis

### Issue 1: Whether the notice issued by the Resolution Professional providing only two days to furnish …

**Ratio:** The provision contained under Section 99 (4) of the I & B Code, 2016, will be no more

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**Reasoning:** The Resolution Professional's discretion to seek information becomes mandatory to comply

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**Interpretation:** The seven-day period under Section 99(5) is mandatory once the Resolution

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**Application:** The notice providing only two days was deemed invalid as it contravened the

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## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** Comandur Parthasar…
- **Respondents:** M/S Karvy Data…; Lalit Kumar…; +1 more
- **Advocates:** Avinash…; Kopal Sh…; +3 more

## Timeline

- **2024-06-21 — Notice I…**: Resolution Professional issued a notice seeking information from the Appellant, providing…
- **2024-06-29 — Copy of Petiti…**: Appellant sought a copy…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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