# In the matter of Delicious Coco Water Private Limited IA-3710 & 3753-2021 in (IB)-575(ND)-2017

> NCLT judgment dated 2021-08-26. Citation: TCN-2021-NCLT-01275. The case involves two Interlocutory Applications (IAs), IA-3710/2021 and IA-3753/2021, filed in…

- **Court:** NCLT
- **Order date:** 26 Aug 2021
- **Citation:** TCN-2021-NCLT-01275
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/delicious-coco-water-private-limited-ia-3710-3753-2021-in-ib-575nd-2017-d6f023f1

## Summary

### Background

The case involves two Interlocutory Applications (IAs), IA-3710/2021 and IA-3753/2021, filed in relation to (IB)-575(ND)/2017. IA-3710/2021 seeks permission to bring additional documents on record for adjudication of IA No. 412/2021. IA-3753/2021 seeks initiation of contempt proceedings against the liquidator for wrongfully notifying an e-auction and directing the liquidator to call off/hold the auction.

## Facts

Small Industrial Development Bank of India filed an application under Section 7 of the IBC, 2016 against Delicious Coco Water Private Limited. The applicant filed IA-3710/2021 seeking to bring additional documents on record for adjudication of IA No. 412/2021. The applicant also filed IA-3753/2021 seeking initiation of contempt proceedings against the liquidator for wrongfully notifying an e-auction dated 03.09.2021 for sale of assets of the corporate debtor, allegedly acting contrary to a stay order dated 15.02.2021. The applicant requested that the liquidator be directed to call off/hold the auction dated 03.09.2021 until the pronouncement of the order in I.A. 412/2021. The court had reserved orders on IA 412/2021 on August 6th, 2021. The liquidator was allegedly

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## Issues and analysis

### Issue 1: Whether the Hon'ble Tribunal should permit the applicant to bring additional documents on record in …

**Ratio:** The court has the discretion to allow or disallow the filing of additional documents

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**Reasoning:** The court reasoned that the matter had already been heard and reserved for orders.

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**Interpretation:** The interpretation is that once a matter is reserved for orders, the court is

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**Application:** The court applied this principle by refusing to allow the applicant to bring

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## Parties

- **Judges:** SHRI. ABNI RANJAN…; L. N. G…
- **Appellants:** Small Industries…
- **Respondents:** Delicious Coco…

## Timeline

- **2021-02-15 — Stay Ord…**: Hon'ble Tribunal passed a stay order in IA-412/2021 restraining the Liquidator from…
- **2021-02-22 — Next Date of…**: Next date of hearing…

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