# In the matter of Kasim Coal and Logistics Pvt. Ltd. MA-514-2019 in CP-1201-IB-2018

> NCLT judgment dated 2019-06-17. Citation: TCN-2019-NCLT-02860. The document pertains to an order in MA/514/2019 in CP/1201/IB/2018 before the National Company…

- **Court:** NCLT
- **Order date:** 17 Jun 2019
- **Citation:** TCN-2019-NCLT-02860
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/kasim-coal-and-logistics-pvt-ltd-ma-514-2019-in-cp-1201-ib-2018-0a0a69f6

## Summary

### Background

The document pertains to an order in MA/514/2019 in CP/1201/IB/2018 before the National Company Law Tribunal (NCLT), Chennai Bench. The matter involves Hemang Resources Ltd as the petitioner and Kasim Coal and Logistics Pvt Ltd as the respondent. The application was filed under Section 22(3)(b).

## Facts

Hemang Resources Ltd filed an application (MA/514/2019) in connection with a corporate insolvency resolution process (CIRP) against Kasim Coal and Logistics Pvt Ltd (CP/1201/IB/2018). The application was filed under Section 22(3)(b). The IBBI confirmed the appointment of Mrs. Jayashree S. Iyer as the Resolution Professional (RP). The NCLT Chennai Bench then allowed MA/514/2019.

## Issues and analysis

### Issue 1: Whether the appointment of Mrs. Jayashree S. Iyer as the Resolution Professional should be …

**Ratio:** The confirmation from IBBI regarding the appointment of a Resolution Professional is a

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**Reasoning:** The NCLT relied on the IBBI's confirmation to allow the application. This indicates that

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**Interpretation:** This case highlights the importance of IBBI's role in regulating and overseeing

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**Application:** Given the IBBI's confirmation of Mrs. Jayashree S. Iyer's appointment, the NCLT

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** Hemang Resources…
- **Respondents:** KASIM COAL &…

## Timeline

- **2018-01-01 — Petition…**: CP/1201/IB/201…
- **2019-06-17 — Hearing…**: Hearing held at 10.30…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 22(3) — Appointment of resolution professional](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-22)

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