# In the matter of AKR Home Depot Pvt. Ltd. MA-316-2019 in CP-1469-IB-2018

> NCLT judgment dated 2019-04-22. Citation: TCN-2019-NCLT-03818. The case pertains to an application before the National Company Law Tribunal (NCLT), Chennai…

- **Court:** NCLT
- **Order date:** 22 Apr 2019
- **Citation:** TCN-2019-NCLT-03818
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/akr-home-depot-pvt-ltd-ma-316-2019-in-cp-1469-ib-2018-2cae8053

## Summary

### Background

The case pertains to an application before the National Company Law Tribunal (NCLT), Chennai Bench. The matter involves CP/1469/IB/2018. The Resolution Professional (RP) is present.

## Facts

The case involves an application with number MA/316/2019 and petition number CP/1469/IB/2018 before the NCLT Chennai. N.Kumar IRP is the petitioner, and Fast Track Consultants is the respondent. The Resolution Professional (RP) is present. The Registry is directed to issue notice to Fast Track Consultants. The RP is also directed to send private notice to the Operational Creditor and file proof of service of notice on the next date of hearing, which is scheduled for 20.05.2019. The matter falls under Section 60(5) of the IBC.

## Issues and analysis

### Issue 1: Whether the Registry should issue …

**Ratio:** The tribunal has the power to direct the registry to issue notices to parties involved in

…

**Reasoning:** The court's direction to the registry is a procedural step to ensure that all parties are

…

**Interpretation:** The direction to issue notice is interpreted as an exercise of the tribunal's

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**Application:** The Registry is directed to issue notice to M/s. Fast Track Consultants,

…

## Parties

- **Judges:** Ch. Mohd Sharief…
- **Appellants:** N.KUMAR…
- **Respondents:** FAST TRACK…

## Timeline

- **2018-01-01 — Petition…**: CP/1469/IB/2018…
- **2019-04-22 — Hearing…**: Hearing held on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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