# In the matter of Effimac Equipments Pvt. Ltd. (IB)-552-(ND)-2018

> NCLT judgment dated 2018-07-24. Citation: TCN-2018-NCLT-01083. The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on…

- **Court:** NCLT
- **Order date:** 24 Jul 2018
- **Citation:** TCN-2018-NCLT-01083
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/effimac-equipments-pvt-ltd-ib-552-nd-2018-749c8333

## Summary

### Background

The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on July 24, 2018. The Resolution Professional (RP) failed to file the interim report. There is no report of the publication effected, claims received, COC constituted or the minutes of the COC.

## Facts

The Resolution Professional (RP) present in court failed to file the interim report. There was no report of the publication effected, claims received, COC constituted, or the minutes of the COC. The National Company Law Tribunal (NCLT) viewed this as a serious default in the duty to be performed by the Interim Resolution Professional (IRP). The case was regarding M/s. CG Power and Industrial Solutions Ltd. V/s. M/s. Effimac Equipments Pvt. Ltd.

## Issues and analysis

### Issue 1: Whether the failure of the Resolution Professional (RP) to file the interim report and provide …

**Ratio:** The Resolution Professional (RP) is obligated to file the interim report and provide

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**Reasoning:** The court reasoned that the RP's failure to file the interim report and provide reports

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**Interpretation:** The interpretation is that the RP has a mandatory duty to file the interim

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**Application:** The RP failed to file the interim report and provide reports on publication,

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## Parties

- **Judges:** DeepaKr…; Ina Mal…
- **Appellants:** M/s. CG Power and…
- **Respondents:** M/s. Effimac…

## Timeline

- **2018-07-24 — Hearing…**: Hearing before the New Delhi Bench of…
- **2018-07-25 — Next Hearin…**: Case to come up on this…

## 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)

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