# In the matter of Indison Agro Foods Ltd. TP 123 of 2019 {CP(IB) 137 of 2019}

> NCLT judgment dated 2020-08-27. Citation: TCN-2020-NCLT-00772. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 27 Aug 2020
- **Citation:** TCN-2020-NCLT-00772
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/indison-agro-foods-ltd-tp-123-of-2019-cpib-137-of-2019-06c80947

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Ahmedabad Bench, concerning TP 123 of 2019 [CP(IB) 137 of 2019]. The case involves Allahabad Bank V/s Indison Agro Foods Ltd. The learned lawyer for the petitioner has approached the NCLAT with a prayer for constituting the division with a Technical Member. The NCLAT has allowed their prayer.

## Facts

The case involves Allahabad Bank as the applicant and Indison Agro Foods Ltd as the respondent. The petitioner's lawyer has approached the NCLAT seeking the constitution of a division with a Technical Member. The NCLAT has granted this request. Consequently, the petitioner is now requesting that the matter be kept in abeyance until the Division Bench is constituted according to the NCLAT's directions. The case is filed under Section 7 of the Insolvency and Bankruptcy Code.

## Issues and analysis

### Issue 1: Whether the matter should be kept in abeyance until the Division Bench is constituted as per the …

**Ratio:** The ratio is based on the principle that proceedings should be conducted by a properly

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**Reasoning:** The court's reasoning is that since the NCLAT has allowed the petitioner's prayer for

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**Interpretation:** The interpretation is that the NCLT is deferring to the NCLAT's decision and

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**Application:** The ratio and reasoning are applied to the specific facts of the case by

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## Parties

- **Judges:** Manorama…
- **Appellants:** Allahabad…
- **Respondents:** Indison Agro…
- **Advocates:** Nilesh P Ud…; Nipun Si…; +1 more

## Timeline

- **2020-08-27 — Hearing…**: Hearing of Ahmedabad Bench of the…

## 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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