# In the matter of Karuturi Global Limited I.A No. 127-2020 in C.P. No. 216-BB-2018

> NCLT judgment dated 2020-03-02. Citation: TCN-2020-NCLT-01741. I.A. No. 127 of 2020 was filed in C.P. (IB) No.216/BB/2018 by Mr. Ghanshyam Das Mundra, the…

- **Court:** NCLT
- **Order date:** 2 Mar 2020
- **Citation:** TCN-2020-NCLT-01741
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/karuturi-global-limited-ia-no-127-2020-in-cp-no-216-bb-2018-5cf703c6

## Summary

### Background

I.A. No. 127 of 2020 was filed in C.P. (IB) No.216/BB/2018 by Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, under Section 14 & 60 (5) of IBC r/w Rule 11 NCLT, Rules 2016, seeking certain reliefs.

## Facts

Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, filed I.A. No. 127 of 2020 in C.P. (IB) No.216/BB/2018 seeking orders to prohibit the Respondent from prosecuting O.S 95/2020, permit the Applicant to take possession of the schedule property, and direct the local police to provide necessary assistance. The Resolution Professional restricted the relief sought to directing the local police to provide necessary assistance. The application was filed under Section 14 & 60 (5) of IBC r/w Rule 11 NCLT, Rules 2016.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should direct the local police to provide necessary assistance …

**Ratio:** It is the responsibility of the local Police to extend necessary assistance to the RP in

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**Reasoning:** The court stated that it goes without saying that it is the responsibility of the local

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**Interpretation:** The court interpreted the relevant provisions to mean that the local police

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**Application:** The court applied the ratio to the facts by granting liberty to the

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## Parties

- **Judges:** Rajeswara Rao…; Ashutosh C…
- **Appellants:** M/s Axis Ba…
- **Respondents:** Karuturi Global…; M/s Karuturi…

## Timeline

- **2020-02-17 — Speaking Ord…**: Reference to a speaking order dated 17th February 2020, in relation to taking possession…
- **2020-03-02 — Order Da…**: Date of the order for I.A. No. 127 of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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