# 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-03813. 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-03813
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/akr-home-depot-pvt-ltd-ma-316-2019-in-cp-1469-ib-2018-6dc90ce6

## 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 under petition number CP/1469/IB/2018. The petitioner is N.Kumar IRP and the respondent is Fast Track Consultants. The case is under Section 60(5) of the IBC. The Resolution Professional (RP) is present. The Registry is directed to issue notice to M/s. Fast Track Consultants. The RP is directed to send private notice to the Operational Creditor and file proof of service of notice on the next date of hearing. The case is to be put up on 20.05.2019.

## Issues and analysis

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

**Ratio:** The NCLT has the power to direct its Registry to issue notices to parties involved in the

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**Reasoning:** The court directed the registry to issue notice to ensure that the respondent is informed

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**Interpretation:** The issuance of notice is a procedural requirement to ensure fairness and

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**Application:** The Registry is directed to issue

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## 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 at 10.30…

## 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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