# In the matter of Rana Global Ltd.

> NCLT judgment dated 2018-10-16. Citation: TCN-2018-NCLT-00559. The Resolution Professional (RP) was aggrieved because, despite the Adjudicating Authority…

- **Court:** NCLT
- **Order date:** 16 Oct 2018
- **Citation:** TCN-2018-NCLT-00559
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/rana-global-ltd-d9c5e8b6

## Summary

### Background

The Resolution Professional (RP) was aggrieved because, despite the Adjudicating Authority expunging certain remarks in its order dated May 26, 2018, on September 17, 2018, the IBBI had not dropped the proceedings initiated against him. The order of Admission was neither communicated by the Bench Officer to the parties nor uploaded on the net.

## Facts

The Resolution Professional (RP) felt aggrieved because the IBBI did not drop proceedings against him even after the Adjudicating Authority expunged certain remarks in its order dated May 26, 2018, on September 17, 2018. The order of Admission was not communicated or uploaded. The RP explained that the delay was not his fault. A show cause notice was issued against the RP based on communication to the IBBI. The RP submitted that he would complete the resolution within time. The key fact is that the court had previously expunged remarks related to the delay, but the IBBI continued proceedings.

## Issues and analysis

### Issue 1: Whether the show cause notice issued to the Resolution Professional (RP) should be recalled, given …

**Ratio:** The legal principle applied here is that if the basis for initiating proceedings (the

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**Reasoning:** The court reasoned that since it had accepted the RP's explanation for the delay and

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**Interpretation:** This involves interpreting the court's power to recall proceedings when the

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**Application:** The court applied this reasoning to the specific facts by noting that the RP's

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## Parties

- **Judges:** Deepa Kr…; Ina Mal…; +1 more
- **Appellants:** Punjab National…
- **Respondents:** Rana Globa…

## Timeline

- **2018-05-26 — Adjudicating Authority…**: The Adjudicating Authority…
- **2018-09-17 — Remarks Ex…**: The remarks made by the…

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