# In the matter of R&M International Private Limited CP (IB) No.749-MB-C-IV-2017

> NCLT judgment dated 2020-01-07. Citation: TCN-2020-NCLT-02472. The case pertains to CP (IB) No.749/MB/C-IV/2017, initiated under Section 9 of the Insolvency &…

- **Court:** NCLT
- **Order date:** 7 Jan 2020
- **Citation:** TCN-2020-NCLT-02472
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/rm-international-private-limited-cp-ib-no749-mb-c-iv-2017-09d0c998

## Summary

### Background

The case pertains to CP (IB) No.749/MB/C-IV/2017, initiated under Section 9 of the Insolvency & Bankruptcy Code, 2016. The matter involves M/s Ercon Composites, the Operational Creditor, and R&M International Private Limited, the Corporate Debtor.

## Facts

M/s Ercon Composites initiated insolvency proceedings against R&M International Private Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority passed an order on 01.01.2020. Subsequently, the Adjudicating Authority appointed Ms. Nayana Premji Savala as the Interim Resolution Professional (IRP) to take further steps in the matter. The IRP's contact details are provided.

## Issues and analysis

### Issue 1: Whether Ms. Nayana Premji Savala should be appointed as the Interim Resolution Professional (IRP) …

**Ratio:** The Adjudicating Authority has the power to appoint an Interim Resolution Professional

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**Reasoning:** The Adjudicating Authority, after considering the matter, deemed it appropriate to

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**Interpretation:** The appointment of an IRP is a crucial step in the insolvency resolution

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**Application:** Given the circumstances of the case and the need for an IRP, Ms. Nayana Premji

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## Parties

- **Judges:** Rajasekha…; Ravikumar…; +1 more
- **Appellants:** M/s Ercon…
- **Respondents:** R&M International…

## Timeline

- **2020-01-01 — Previous…**: An order was passed by the…
- **2020-01-07 — Appointment…**: Ms. Nayana Premji Savala was appointed as the…

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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/rm-international-private-limited-cp-ib-no749-mb-c-iv-2017-09d0c998