# In the matter of Ind-Barath Thermal Power Limited CP (IB) No. 745-7-HDB-2019

> NCLT judgment dated 2022-01-05. Citation: TCN-2022-NCLT-04531. Punjab National Bank filed a case against Ind Barath Thermal Power Limited under Section 7 of…

- **Court:** NCLT
- **Order date:** 5 Jan 2022
- **Citation:** TCN-2022-NCLT-04531
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ind-barath-thermal-power-limited-cp-ib-no-745-7-hdb-2019-12633cb9

## Summary

### Background

Punjab National Bank filed a case against Ind Barath Thermal Power Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. An order was issued on December 30, 2021, regarding the appointment of the Interim Resolution Professional (IRP).

## Facts

Punjab National Bank initiated insolvency proceedings against Ind Barath Thermal Power Limited. The initial order dated December 30, 2021, contained an error in the name of the appointed Interim Resolution Professional (IRP). The Financial Creditor, Punjab National Bank, pointed out the error. The IRP suggested by the Financial Creditor had filed Form-2. The court then issued a corrigendum on January 5, 2022, to correct the IRP's name and registration details.

## Issues and analysis

### Issue 1: Whether the name of the Interim Resolution Professional (IRP) was incorrectly recorded in the order …

**Ratio:** When an error is identified in a court order, especially concerning the appointment of a

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**Reasoning:** The court acknowledged the error in the original order regarding the IRP's name based on

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**Interpretation:** The interpretation is that any factual inaccuracies in court orders must be

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**Application:** The court applied this principle by issuing a corrigendum to correct the IRP's

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## Parties

- **Judges:** Veera Brahma Rao…; N.V.RAMAKRISHNA…
- **Appellants:** Punjab National…
- **Respondents:** Ind Barath…

## Timeline

- **2019-01-01 — CP (IB) No.745/7/HDB/201…**: Filing of CP (IB) No.745/7/HDB/2019 under Section 7 of the Insolvency and Bankruptcy…
- **2021-12-30 — Order Da…**: Order issued regarding the appointment of the Interim Resolution Professional (IRP),…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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