# In the matter of Tata Steel Ltd. vs. Liberty House Group Pvt. Ltd. & Ors.

> NCLAT judgment dated 2018-05-24. Citation: TCN-2018-NCLAT-00258. The case involves an appeal against an insolvency proceeding. The appellate tribunal is…

- **Court:** NCLAT
- **Order date:** 24 May 2018
- **Citation:** TCN-2018-NCLAT-00258
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/tata-steel-ltd-vs-liberty-house-group-pvt-ltd-ors-5fc3c448

## Summary

### Background

The case involves an appeal against an insolvency proceeding. The appellate tribunal is addressing an interlocutory application (I.A. No. 671 of 2018) filed by the Committee of Creditors seeking clarification of an earlier interim order. The court notes typographical errors in the original interim order.

## Facts

Tata Steel Ltd. filed an appeal against Liberty House Group Pvt. Ltd. & Ors. regarding an insolvency matter. The Committee of Creditors filed an interlocutory application (I.A. No. 671 of 2018) seeking clarification of an earlier interim order. The court found typographical errors in the interim order dated May 9, 2018. The court clarified the interim order, stayed further proceedings, and excluded the stay period from the Corporate Insolvency Resolution Process timeline. The appeal was scheduled for admission on July 12, 2018.

## Issues and analysis

### Issue 1: Whether the interim order dated May 9, 2018, …

**Ratio:** A court has the inherent power to correct its own errors, especially when those errors

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**Reasoning:** The court found that the interim order contained typographical errors that could lead to

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**Interpretation:** The interpretation of the interim order is crucial for the Committee of

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**Application:** The court applied this principle by explicitly clarifying the interim order,

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** TATA STEE…
- **Respondents:** Liberty House…

## Timeline

- **2018-05-09 — Interim Ord…**: Date of the interim order that was…
- **2018-05-24 — Order Da…**: Counsel for the Appellant is allowed to…

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