# In the matter of G. Yoganand vs. Catalyst Trusteeship Ltd.

> NCLAT judgment dated 2025-06-11. Citation: TCN-2025-NCLAT-00354. The case involves a Company Appeal (AT) (CH) (INS) No. 266 / 2025 concerning the validity of…

- **Court:** NCLAT
- **Order date:** 11 Jun 2025
- **Citation:** TCN-2025-NCLAT-00354
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/g-yoganand-vs-catalyst-trusteeship-ltd-f0caeac2

## Summary

### Background

The case involves a Company Appeal (AT) (CH) (INS) No. 266 / 2025 concerning the validity of an Assignment Agreement dated 04.03.2021. The appellant had previously filed a Writ Petition (No. 29803 / 2024) before the High Court of Telangana seeking a declaration that the Assignment Deed was insufficiently stamped.

## Facts

The appellant, G. Yoganand, filed an application before the Ld. NCLT in a proceeding of the CP (IB).

The appellant had preferred a Writ Petition No. 29803 / 2024 before the Hon'ble High Court of Telangana seeking a declaration regarding the stamping of the assignment agreement.

The Impugned Order dated 11.03.2025 rejected the appellant's application.

The High Court of Telangana did not venture into the principal relief sought in the Writ Petition but directed that the Appellant could file an Application before the Ld. NCLT for seeking an adjudication about the validity of the Assignment Agreement.

The validity of the declaration of the Assignment Deed is still the principal subject matter pending in a Writ Petition before the High Court of Telangana.

## Issues and analysis

### Issue 1: Whether the NCLT can adjudicate on the validity of the Assignment Agreement when the same issue is …

**Ratio:** The NCLT or NCLAT cannot traverse upon the jurisdiction of the Hon'ble High Court when

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**Reasoning:** Allowing the NCLT to adjudicate on the same issue would potentially lead to contradictory

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**Interpretation:** The principle of comity of courts and avoidance of conflicting judgments

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**Application:** The Appellate Tribunal declined to entertain the appeal, dismissing it without

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## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** G. Yoga…; Gajjala Yo…
- **Respondents:** M/s. Catalyst…
- **Advocates:** Adarsh Subr…; Abhis…; +1 more

## Timeline

- **04-03-2021 — Assignment Agreement…**: Date of the Assignment Agreement…
- **N/A — Writ Petitio…**: G. Yoganand filed Writ Petition No. 29803 /…

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