# In the matter of Mehadia Sales Trade Corporation Pvt. Ltd. MA No. 697-2017 In C.P. No.1135-(MAH)-2017

> NCLT judgment dated 2018-02-08. Citation: TCN-2018-NCLT-01862. The case pertains to MA 697/2017 in CP 1135/I&BP/NCLT/MB/MAH/2017 before the National Company…

- **Court:** NCLT
- **Order date:** 8 Feb 2018
- **Citation:** TCN-2018-NCLT-01862
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/mehadia-sales-trade-corporation-pvt-ltd-ma-no-697-2017-in-cp-no1135-mah-2017-1261bafe

## Summary

### Background

The case pertains to MA 697/2017 in CP 1135/I&BP/NCLT/MB/MAH/2017 before the National Company Law Tribunal, Mumbai Bench. The applicant counsel stated that confirmation regarding the replacement of the Interim Resolution Professional (IRP) with a Resolution Professional (RP) has not yet been received from the Insolvency and Bankruptcy Board of India (IBBI). Consequently, the Registry was directed to pursue the matter.

## Facts

The Committee of Creditors is involved in a case against Mehadia Sales Trade Corporation Pvt. Ltd. An application, MA 697/2017 in CP 1135/I&BP/NCLT/MB/MAH/2017, is under consideration. The applicant counsel has stated that the confirmation for the replacement of the Interim Resolution Professional (IRP) with a Resolution Professional (RP) is pending from the Insolvency and Bankruptcy Board of India (IBBI). The court has directed the Registry to pursue the matter. The case is listed for further hearing on 13.02.2018. This delay in confirmation is crucial as it affects the progression of the insolvency resolution process.

## Issues and analysis

### Issue 1: Whether the Registry should be directed to pursue the confirmation regarding the replacement of the …

**Ratio:** The court has the authority to direct its Registry to ensure procedural compliance and

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**Reasoning:** The court reasoned that the confirmation from IBBI regarding the replacement of IRP with

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**Interpretation:** This highlights the court's role in overseeing the procedural aspects of the

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** B.S.V. Prakash…; V. Nallasen…
- **Appellants:** Committee of…
- **Respondents:** Mehadia Sales…

## Timeline

- **2018-02-08 — Hearing…**: Hearing of Mumbai Bench of the…
- **2018-02-13 — Next Hearin…**: Matter listed for…

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