# 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-01736. 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-01736
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/karuturi-global-limited-ia-no-127-2020-in-cp-no-216-bb-2018-9d2b746c

## 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 sought assistance from the local police to perform statutory duties. The court disposed of the application by granting liberty to the Applicant/RP to approach the concerned Local Police seeking assistance in discharging his statutory duties.

## 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

…

**Reasoning:** The court reasoned that the local police are obligated to assist the RP in discharging

…

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

…

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

…

## Parties

- **Judges:** Rajeswara Rao…; Ashutosh C…
- **Appellants:** Ghanshyam Das…
- **Respondents:** Karuturi Global…; Anil…

## Timeline

- **2020-02-17 — Speaking Ord…**: A speaking order was issued on this date, in furtherance of which the applicant sought to…
- **2020-03-02 — Order Da…**: The NCLT passed an order…

## Legal provisions

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

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/karuturi-global-limited-ia-no-127-2020-in-cp-no-216-bb-2018-9d2b746c