# In the matter of Reid & Taylor India Ltd. C.P. (IB)-382-MB-2018

> NCLT judgment dated 2019-03-06. Citation: TCN-2019-NCLT-04581. The case involves an application taken out by a member of the suspended Board of Directors of…

- **Court:** NCLT
- **Order date:** 6 Mar 2019
- **Citation:** TCN-2019-NCLT-04581
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/reid-taylor-india-ltd-cp-ib-382-mb-2018-627d64b2

## Summary

### Background

The case involves an application taken out by a member of the suspended Board of Directors of the Corporate Debtor, seeking certain documents from the liquidator. The counsel for the liquidator agrees to provide the relevant documents to the applicant. The counsel for the applicant will file an affidavit stating the required documents. The counsel for the respondent may provide documents accordingly.

## Facts

A member of the suspended Board of Directors of the Corporate Debtor has filed an application seeking certain documents from the liquidator. The liquidator's counsel has agreed to provide the relevant documents. The applicant's counsel is required to file an affidavit stating the documents required. The court directed the liquidator to furnish the relevant accounting entries projecting the payments made to the respondent in the I.A. within 3 days. The case is related to insolvency proceedings under Section 7 of the Insolvency & Bankruptcy Code, 2016.

## Issues and analysis

### Issue 1: Whether the liquidator should be directed to furnish certain documents to a member of the suspended …

**Ratio:** The liquidator is generally required to provide relevant information and documents to

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**Reasoning:** The court considered the application for documents and the liquidator's agreement to

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**Interpretation:** This issue involves the interpretation of the liquidator's duties and the

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**Application:** The liquidator is expected to provide the relevant documents to the applicant,

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## Parties

- **Judges:** Bhaskara Pantula…; V. Nallasen…
- **Appellants:** Edelweiss Asset…
- **Respondents:** Reid Taylor (…

## Timeline

- **2019-03-06 — Hearing…**: Hearing of Mumbai Bench of the…
- **2019-03-26 — Application…**: All applications listed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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