# In the matter of Amresh Anand vs. Transrail Lighting Ltd. & Anr.

> NCLAT judgment dated 2025-07-02. Citation: TCN-2025-NCLAT-00342. An appeal was filed against the order dated 09.05.2025 admitting Section 7 application filed…

- **Court:** NCLAT
- **Order date:** 2 Jul 2025
- **Citation:** TCN-2025-NCLAT-00342
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/amresh-anand-vs-transrail-lighting-ltd-anr-df2a3ac2

## Summary

### Background

An appeal was filed against the order dated 09.05.2025 admitting Section 7 application filed by the Financial Creditor.

## Facts

An appeal was filed against the order dated 09.05.2025 admitting Section 7 application.

A Settlement Agreement was entered into between the parties during the pendency of the Section 7 application.

Rs.75 lakhs was paid by the Corporate Debtor as part of the Settlement Agreement.

Rs.2.25 Crore has been paid as of the date of the order.

The Respondent claims that Rs.2.36 Crores are still due.

Consultancy charges have not been given set-off as mentioned in the MoU.

The IRP has invited claims, but the CoC has not been constituted.

## Issues and analysis

### Issue 1: Whether the CIRP should proceed …

**Ratio:** The CIRP will proceed in accordance with the impugned order, claims may be collated by

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**Reasoning:** The court directed that the CIRP should continue as per the impugned order, but the CoC,

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**Interpretation:** The court acknowledges the procedural requirements of the IBC while allowing

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**Application:** This ruling allows for the collation of claims by the IRP but prevents the CoC

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## Parties

- **Judges:** Ashok Bh…; N. Sesha…; +1 more
- **Appellants:** Amresh…
- **Respondents:** Transrail…
- **Advocates:** Anshuman Up…; Shubhangi S…; +2 more

## Timeline

- **2025-05-09 — Order Da…**: Order admitting Section 7 application…
- **2025-07-02 — Appeal F…**: Appeal filed against the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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