# In the matter of Leel Electricals Ltd. IA NO.120-2020 In CP NO.(IB)189-ALD-2019

> NCLT judgment dated 2020-05-22. Citation: TCN-2020-NCLT-01334. The matter pertains to IA No.120/2020 in CP No.(IB)189/ALD/2019. The application has been filed…

- **Court:** NCLT
- **Order date:** 22 May 2020
- **Citation:** TCN-2020-NCLT-01334
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/leel-electricals-ltd-ia-no120-2020-in-cp-noib189-ald-2019-83d0fb56

## Summary

### Background

The matter pertains to IA No.120/2020 in CP No.(IB)189/ALD/2019. The application has been filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The application seeks a direction to the local administration/District Magistrate, Ranipet, to assist the IRP in taking over the possession of the Plant of Leel Electricals Ltd. situated at Plot No.S-21 & 22 Non SEZ, Phase III, Sipcot Road, Mugundarayapuram, Ranipet, Vellore District, Tamilnadu.

## Facts

The matter concerns an application (IA No.120/2020) filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The applicant, the IRP, seeks a direction to the local administration/District Magistrate, Ranipet, to assist in taking possession of the plant of Leel Electricals Ltd. located in Ranipet, Vellore District, Tamilnadu. The local administration has not been made a party to the application. The IRP's counsel states that an application has already been moved before the local authorities for necessary directions.

## Issues and analysis

### Issue 1: Whether the local administration/District Magistrate, Ranipet, should be directed to assist the IRP …

**Ratio:** Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations,

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**Reasoning:** The court noted that the local administration/District Magistrate, Ranipet, has not been

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**Interpretation:** The legal issue involves interpreting the powers and duties of the IRP under

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**Application:** The court did not directly address the issue of directing the local

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## Parties

- **Judges:** Rajesh Daya…
- **Appellants:** MKM TECHNOLOGIES…
- **Respondents:** Leel Electricals…

## Timeline

- **2020-05-22 — Hearing…**: The matter was taken up through…
- **2020-06-04 — Next Hearin…**: The matter is to be put up before the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 17 — Management of affairs of corporate debtor by…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-17)

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