# In the matter of Partha Paul Vs. Kotak Mahindra Bank Ltd. & Anr. CA(AT)(Ins)No. 1138 of 2019

> NCLAT judgment dated 2020-01-20. Citation: TCN-2020-NCLAT-00520. The case is an appeal before the National Company Law Appellate Tribunal (NCLAT), New Delhi,…

- **Court:** NCLAT
- **Order date:** 20 Jan 2020
- **Citation:** TCN-2020-NCLAT-00520
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/partha-paul-vs-kotak-mahindra-bank-ltd-anr-ca-5bf9e2b0

## Summary

### Background

The case is an appeal before the National Company Law Appellate Tribunal (NCLAT), New Delhi, concerning an insolvency matter. The appeal number is 1138 of 2019. The order pertains to serving a copy of the reply affidavit to the appellant's counsel and allowing the appellant to file a rejoinder. It also directs the Interim Resolution Professional to collate claims, constitute the Committee of Creditors, and proceed with the Corporate Insolvency Resolution Process, ensuring the Corporate Debtor remains a going concern.

## Facts

Partha Paul is the Appellant in the Company Appeal (AT) (Insolvency) No. 1138 of 2019. Kotak Mahindra Bank Ltd. & Anr. are the Respondents. The case is before the National Company Law Appellate Tribunal, New Delhi. The court ordered the Respondent's counsel to serve a copy of the reply affidavit to the Appellant's counsel. The Appellant was given one week to file a rejoinder. The Interim Resolution Professional (IRP) is directed to collate claims, constitute the Committee of Creditors (CoC), and proceed with the Corporate Insolvency Resolution Process (CIRP), ensuring the Corporate Debtor remains a going concern.

## Issues and analysis

### Issue 1: Whether the Respondent's counsel should serve a copy of the reply affidavit to the Appellant's …

**Ratio:** Principles of natural justice and fair hearing require that all parties have access to

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**Reasoning:** The court directed the Respondent's counsel to serve a copy of the reply affidavit to the

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**Interpretation:** This ensures transparency and fairness in the proceedings, allowing the

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**Application:** By ordering the service of the reply affidavit, the court applied the principle

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Partha…
- **Respondents:** Kotak Mahindra…

## Timeline

- **2020-01-20 — Order regarding reply…**: Learned counsel for the Respondent will serve a copy of the reply affidavit on learned…
- **2020-02-06 — Next hearin…**: Post the case ‘for admission (after…

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