# In the matter of The Jeuypore Sugar Compan Ltd. MA-516-2019 in CP-1307-IB-2018

> NCLT judgment dated 2019-06-07. Citation: TCN-2019-NCLT-02996. The case involves an application (MA/516/2019) in a corporate insolvency resolution process…

- **Court:** NCLT
- **Order date:** 7 Jun 2019
- **Citation:** TCN-2019-NCLT-02996
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/the-jeuypore-sugar-compan-ltd-ma-516-2019-in-cp-1307-ib-2018-07627eb4

## Summary

### Background

The case involves an application (MA/516/2019) in a corporate insolvency resolution process (CP/1307/IB/2018) under the Insolvency and Bankruptcy Code, 2016. The Resolution Professional moved the application for the appointment of Mr. Machar Rao Meenavalli as an Authorized Representative for the class of creditors (Trade Depositors) who deposited money with the Corporate Debtor.

## Facts

The Resolution Professional filed an application (MA/516/2019) in a corporate insolvency resolution process (CP/1307/IB/2018) seeking the appointment of Mr. Machar Rao Meenavalli as an Authorized Representative for the class of creditors who are trade depositors. These trade depositors had deposited money with the Corporate Debtor. The Resolution Professional sought this appointment because the reliefs sought are permissible under Section 21(6A)(b) of the Insolvency & Bankruptcy Code, 2016. The key fact is that the application was related to the representation of trade depositors in the insolvency proceedings.

## Issues and analysis

### Issue 1: Whether the appointment of an Authorized Representative for the class of creditors (Trade …

**Ratio:** Section 21(6A)(b) of the Insolvency & Bankruptcy Code, 2016, allows for the

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**Reasoning:** The court reasoned that the reliefs sought by the Resolution Professional for the

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**Interpretation:** Section 21(6A)(b) is interpreted to allow for the representation of classes of

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**Application:** The court applied Section 21(6A)(b) to the specific facts of the case, where

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** IDBI Bank…
- **Respondents:** THE JEYPORE SUGAR…
- **Advocates:** S. Sathiyanarayana…

## Timeline

- **2019-06-07 — Hearing…**: Hearing held at 10:30…
- **2018-01-01 — CP/1307/IB/20…**: Corporate Insolvency…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 21(6a) — Committee of creditors](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-21)

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