# In the matter of Reynold Shirtig Ltd. CP (IB) 3926-(MB)-2018

> NCLT judgment dated 2019-04-08. Citation: TCN-2019-NCLT-04087. The case pertains to CP.(IB) 3926/(MB)/2018 before the Mumbai Bench of the National Company Law…

- **Court:** NCLT
- **Order date:** 8 Apr 2019
- **Citation:** TCN-2019-NCLT-04087
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/reynold-shirtig-ltd-cp-ib-3926-mb-2018-064b9712

## Summary

### Background

The case pertains to CP.(IB) 3926/(MB)/2018 before the Mumbai Bench of the National Company Law Tribunal (NCLT). An order was previously issued on 2019-03-26 directing parties to file written submissions. The Financial Creditor has filed the written submission, but the Corporate Debtor has not.

## Facts

The case is CP.(IB) 3926/(MB)/2018 before the Mumbai Bench of the National Company Law Tribunal. The parties were previously directed to file written submissions by an order dated 2019-03-26. The Financial Creditor has filed the written submission. The Corporate Debtor has not filed the written submission. The Corporate Debtor is now directed to file hard and soft copies of the written submission within seven days. The case is listed on 2019-05-08 for admission/filing of the settlement agreement.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be compelled to comply with the order to file written …

**Ratio:** The NCLT has the authority to direct parties to file written submissions to facilitate

…

**Reasoning:** The Corporate Debtor's failure to file the written submission hinders the progress of the

…

**Interpretation:** The direction to file written submissions is interpreted as a necessary step

…

**Application:** The Corporate Debtor is directed to file hard and soft copies of the written

…

## Parties

- **Judges:** V. P. S…; RavikumarDu…
- **Appellants:** Olumpus Tradecom…
- **Respondents:** Reynold Shirting…

## Timeline

- **2019-03-26 — Order for Written…**: Parties were directed to…
- **2019-05-08 — Listing for Admission/Filing of Settlement…**: Case listed for admission/filing…

## 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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