# In the matter of Maharashtra Aluminium and Alloys Pvt. Ltd. MA 483-2019 in CP(IB)-1580(MB)-2017

> NCLT judgment dated 2019-04-23. Citation: TCN-2019-NCLT-03750. The document pertains to MA 483/2019 in CP(IB)-1580(MB)/2017 before the National Company Law…

- **Court:** NCLT
- **Order date:** 23 Apr 2019
- **Citation:** TCN-2019-NCLT-03750
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/maharashtra-aluminium-and-alloys-pvt-ltd-ma-483-2019-in-cpib-1580mb-2017-69aa23a8

## Summary

### Background

The document pertains to MA 483/2019 in CP(IB)-1580(MB)/2017 before the National Company Law Tribunal, Mumbai Bench. The case involves Corporate Finance & Investment Services India Pvt. Ltd. &Ors. versus Maharashtra Aluminium and Alloys Pvt. Ltd. The matter concerns Section 12A of the Insolvency & Bankruptcy Code, 2016. The RP/Applicant sought a corrigendum to a previous order dated 2019-02-25.

## Facts

Corporate Finance & Investment Services India Pvt. Ltd. initiated insolvency proceedings against Maharashtra Aluminium and Alloys Pvt. Ltd. under Section 12A of the Insolvency & Bankruptcy Code, 2016. The Resolution Professional/Applicant filed MA 483/2019 seeking a corrigendum to an order dated 2019-02-25. The corrigendum was sought to correct the omission of the word 'Petitioning' before 'Financial Creditors' in paragraph 3 of the order. Furthermore, the applicant informed that the Financial Creditors, 4 in numbers, wherein Central Bank of India is a lead bank having 92.23% voting share, all have approved for withdrawal of the Application. It was also informed that the Petitioning Financial Creditors have received full amount of the outstanding dues. The

…

## Issues and analysis

### Issue 1: Whether the application for a corrigendum to the …

**Ratio:** The court has the inherent power to correct clerical or typographical errors in its

…

**Reasoning:** The court reasoned that the errors in the original order were of a clerical nature and

…

**Interpretation:** This interpretation confirms the court's authority to rectify errors in its

…

**Application:** The court applied this principle by allowing the application for a corrigendum

…

## Parties

- **Judges:** M.K. Sh…
- **Appellants:** Corporate Finance…
- **Respondents:** Maharashtra…

## Timeline

- **2019-02-25 — Original Ord…**: Date of the original order that…
- **2019-04-23 — Order for Cor…**: The court issued an order allowing the application for a corrigendum, correcting errors…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

---

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/maharashtra-aluminium-and-alloys-pvt-ltd-ma-483-2019-in-cpib-1580mb-2017-69aa23a8