# In the matter of GRJ Distributors & Developers Private Limited IB-1066(ND)-2020

> NCLT judgment dated 2021-01-21. Citation: TCN-2021-NCLT-03252. The case involves Devinder Yadav & Ors as the Financial Creditor and GRJ Distributors and…

- **Court:** NCLT
- **Order date:** 21 Jan 2021
- **Citation:** TCN-2021-NCLT-03252
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/grj-distributors-developers-private-limited-ib-1066nd-2020-0218a885

## Summary

### Background

The case involves Devinder Yadav & Ors as the Financial Creditor and GRJ Distributors and Developers Private Limited as the Corporate Debtor. The matter is listed under Section 7 of the IBC code 2016 before the National Company Law Tribunal, New Delhi.

## Facts

Devinder Yadav & Ors initiated proceedings as the Financial Creditor against GRJ Distributors and Developers Private Limited, the Corporate Debtor, under Section 7 of the IBC code 2016. The Corporate Debtor's counsel requested more time to file a reply. The court granted this request, extending the deadline by three weeks. Following the Corporate Debtor's reply, the Financial Creditor will have the opportunity to file a rejoinder. The case was listed for further hearing on 2021-03-23.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be …

**Ratio:** Courts have the discretion to grant extensions of time to parties in legal proceedings to

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**Reasoning:** The court considered the Corporate Debtor's counsel's request for additional time to file

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**Interpretation:** This reflects the court's inherent power to manage proceedings efficiently

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**Application:** The court applied this principle by granting the Corporate Debtor three weeks

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## Parties

- **Judges:** CH. MOHD SHARIEF…; Narender Kumar…
- **Appellants:** Devinder Yadav &…
- **Respondents:** GRJ Distributors…
- **Advocates:** Piyush…; Aditya Pa…; +5 more

## Timeline

- **2021-01-21 — Order Del…**: The order was delivered…
- **2021-03-23 — Matter L…**: The matter was listed for…

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