# In the matter of LIC HFL Trustee Co Pvt Ltd Vs. Manigantan, IBC SR. No. 4/21

> NCLT judgment dated 2021-03-12. Citation: TCN-2021-NCLT-02721. The case involves an application under the IBC (Insolvency and Bankruptcy Code). The Tribunal…

- **Court:** NCLT
- **Order date:** 12 Mar 2021
- **Citation:** TCN-2021-NCLT-02721
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lic-hfl-trustee-co-pvt-ltd-vs-manigantan-ibc-sr-no-421-b2537ce7

## Summary

### Background

The case involves an application under the IBC (Insolvency and Bankruptcy Code). The Tribunal sought confirmation from the Board regarding any pending disciplinary proceedings against the Resolution Professional through whom the application was filed.

## Facts

The Tribunal initiated a process to confirm whether any disciplinary proceedings were pending against the Resolution Professional, through whom an IBC application was filed. The Board communicated on 2021-03-11 that no such proceedings were pending against Ms. Geetha Sridhar. Consequently, Ms. Geetha Sridhar was appointed as the Resolution Professional and is required to submit a report within 10 days, with the order to be posted on 2021-03-23.

## Issues and analysis

### Issue 1: Whether Ms. Geetha Sridhar can be appointed as the Resolution Professional given the requirement to …

**Ratio:** The appointment of a Resolution Professional is contingent upon the absence of any

…

**Reasoning:** The Tribunal sought confirmation from the Board to ensure that the proposed Resolution

…

**Interpretation:** The requirement to confirm the absence of disciplinary proceedings is

…

**Application:** In this case, the Board's communication confirming the absence of pending

…

## Parties

- **Judges:** SHRI. T.…
- **Appellants:** LIC HFL TRUSTEE…
- **Respondents:** MANIGA…

## Timeline

- **2021-03-05 — Tribunal…**: The Tribunal ordered the Board to confirm whether any disciplinary proceedings are…
- **2021-03-11 — Board Commun…**: The Board communicated that no disciplinary proceedings were pending against Ms. Geetha…

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