# In the matter of Technovaa Plastic Industries Pvt. Ltd. IA 123-2019 in C.P. (IB) No. 189-NCLT-AHM-2018

> NCLT judgment dated 2019-06-19. Citation: TCN-2019-NCLT-02837. The document is an order sheet from the National Company Law Tribunal (NCLT), Ahmedabad Bench,…

- **Court:** NCLT
- **Order date:** 19 Jun 2019
- **Citation:** TCN-2019-NCLT-02837
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/technovaa-plastic-industries-pvt-ltd-ia-123-2019-in-cp-ib-no-189-nclt-ahm-2018-af20548e

## Summary

### Background

The document is an order sheet from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding IA 123 of 2019 in C.P. (I.B) No. 189/NCLT/AHM/2018. The case involves Bank of Baroda versus Technovaa Plastic Industries Pvt. Ltd. The application is filed under Section 22(3)(b) of the Insolvency & Bankruptcy Code.

## Facts

Bank of Baroda filed an application (IA 123/2019) against Technovaa Plastic Industries Pvt. Ltd. before the NCLT Ahmedabad Bench. The application was filed under Section 22(3)(b) of the Insolvency & Bankruptcy Code. The IBBI confirmed the appointment of Vijay P. Lulla as Resolution Professional. Based on this confirmation, the NCLT allowed the application and disposed of it.

## Issues and analysis

### Issue 1: Whether IA 123/2019 filed under Section 22(3)(b) of the Insolvency & Bankruptcy Code should be …

**Ratio:** The confirmation from the IBBI regarding the appointment of the Resolution Professional

…

**Reasoning:** The court relied on the confirmation received from the IBBI regarding the appointment of

…

**Interpretation:** Section 22(3)(b) of the Insolvency & Bankruptcy Code likely pertains to the

…

**Application:** Given the IBBI's confirmation, the court applied the relevant provisions of the

…

## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Bank of B…
- **Respondents:** Technovaa Plastic…

## Timeline

- **2019-06-19 — Order Da…**: The NCLT Ahmedabad Bench allowed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 22(3) — Appointment of resolution professional](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-22)

---

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/technovaa-plastic-industries-pvt-ltd-ia-123-2019-in-cp-ib-no-189-nclt-ahm-2018-af20548e