# In the matter of Agrante Infra Ltd. (IB)-167(ND)-2017

> NCLT judgment dated 2017-08-24. Citation: TCN-2017-NCLT-00530. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 24 Aug 2017
- **Citation:** TCN-2017-NCLT-00530
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/agrante-infra-ltd-ib-167nd-2017-73959dd8

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), New Delhi Bench, regarding a hearing on August 24, 2017. The case involves M/s Simplex Infrastructures Ltd as the petitioner and M/s Agrante Infra Ltd as the respondent. The order pertains to the appointment of an Interim Resolution Professional (IRP).

## Facts

The National Company Law Tribunal (NCLT), New Delhi Bench, held a hearing on August 24, 2017, involving M/s Simplex Infrastructures Ltd as the petitioner and M/s Agrante Infra Ltd as the respondent. The case is governed by Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Nachiketa Goyal and Mr. Mayank Bughani appeared as advocates for the petitioner and respondent, respectively. Mr. Pradeep Debnath was present as the Corporate Debtor. Based on recommendations from the IBBI, Mr. Harkesh Taneja was appointed as the Interim Resolution Professional (IRP). The counsels for both parties were present in court and informed about the appointment. The petitioner is required to notify the IRP and take necessary steps under the statute, including filing a report.

## Issues and analysis

### Issue 1: Whether an Interim Resolution Professional (IRP) …

**Ratio:** The Insolvency and Bankruptcy Code (IBC) provides for the appointment of an IRP to manage

…

**Reasoning:** The NCLT considered the recommendations received from the IBBI and determined that the

…

**Interpretation:** The appointment of an IRP is a critical step in the insolvency resolution

…

**Application:** Based on the IBBI's recommendations, Mr. Harkesh Taneja was appointed as the

…

## Parties

- **Judges:** S. K. MOH…; Ina Mal…
- **Appellants:** M/s Simplex…
- **Respondents:** Pradeep D…; M/s Agrante Infra…

## Timeline

- **2017-08-24 — Hearing…**: Hearing before the New Delhi Bench of…
- **N/A — IRP Appoi…**: Mr. Harkesh Taneja appointed as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/agrante-infra-ltd-ib-167nd-2017-73959dd8