# In the matter of Bank of India  vs. Kalpana G, IA Nos. 16, 18, 17, 20 & 19 of 2023 in Company Appeal (AT) (CH) (Insolvency) No. 342, 343, 344, 345 & 346-2022

> NCLAT judgment dated 2023-06-19. Citation: TCN-2023-NCLAT-00436. The case involves multiple Company Appeals (AT) (CH) (Ins.) Nos. 342, 343, 344, 345 & 346 of…

- **Court:** NCLAT
- **Order date:** 19 Jun 2023
- **Citation:** TCN-2023-NCLAT-00436
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/bank-of-india-vs-kalpana-g-ia-nos-16-18-17-20-19-of-2023-in-company-appeal-a924f063

## Summary

### Background

The case involves multiple Company Appeals (AT) (CH) (Ins.) Nos. 342, 343, 344, 345 & 346 of 2022 filed by Bank of India against the liquidator and present liquidator of various corporate debtors. The appeals arise from impugned orders passed by the Adjudicating Authority (National Company Law Tribunal, Amaravati Bench, Mangalagiri) in various IA's in C.P.(IB) proceedings. The bank sought to implead the 'Present Liquidator' as '2nd Respondent'.

## Facts

M/s. Bank of India filed Company Appeals against the orders passed by the Adjudicating Authority, National Company Law Tribunal, Amaravati Bench, Mangalagiri. The appeals relate to multiple corporate debtors, including M/s Nithin Grains and Mills Private Limited, M/s. Ramanasree Logistics Private Limited, M/s Ramanasree Consumer Products Pvt. Ltd., and M/s. Nithin Nutritions Private Limited. The bank sought to implead the present liquidator, Immaneni Eswara Rao, as the second respondent in each appeal. The Adjudicating Authority had previously passed orders concerning the fees of the liquidator, Ms. Kalpana G. The bank argued that Ms. Kalpana G, the former liquidator, abandoned her office prematurely and is not entitled to remuneration until the liquidation assets are

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## Issues and analysis

### Issue 1: Whether the 'Adjudicating Authority' committed an error in entertaining the IA No. 150/2022 in …

**Ratio:** The '1st Respondent', is statutorily estopped from abandoning her office to act as the

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**Reasoning:** The Learned Counsel for the 'Appellant'/ 'Bank' argued that the 'Adjudicating Authority'

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**Interpretation:** This legal issue pertains to the propriety of the Adjudicating Authority's

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**Application:** The ratio and reasoning suggest that the Adjudicating Authority's actions were

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## Parties

- **Judges:** M. Venu…; Shreesha…
- **Appellants:** M/s. BANK O…
- **Respondents:** Ms.Kalp…

## Timeline

- **2019-01-01 — C.P.(IB) Proc…**: C.P.(IB) No. 157/10/AMR/2019, C.P.(IB) No. 174/10/AMR/2019, C.P.(IB) No. 158/10/AMR/2019,…
- **2022-08-03 — Impugned Ord…**: Date of the Impugned Order in IA No. 150/2022 in C.P.(IB) No. 157/10/AMR/2019, IA No.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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