# In the matter of Transstroy (India) Ltd. IA No.285-2019 in CP(IB) No. 47-7-HDB-2018

> NCLT judgment dated 2019-05-06. Citation: TCN-2019-NCLT-03444. IA No.285/2019 in CP(IB) No.47/7/HDB/2018 was taken up. A reply/counter was filed on behalf of…

- **Court:** NCLT
- **Order date:** 6 May 2019
- **Citation:** TCN-2019-NCLT-03444
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/transstroy-india-ltd-ia-no285-2019-in-cpib-no-47-7-hdb-2018-033325a4

## Summary

### Background

IA No.285/2019 in CP(IB) No.47/7/HDB/2018 was taken up. A reply/counter was filed on behalf of the director (suspended board) of the corporate debtor. The application was filed for a direction to the directors (suspended board) to cooperate with the RP and provide necessary documents as required by the RP.

## Facts

IA No.285/2019 was filed in connection with CP(IB) No.47/7/HDB/2018. The application was filed on behalf of the director (suspended board) of the corporate debtor, Transstroy (India) Ltd. The application seeks a direction to the directors (suspended board) to cooperate with the Resolution Professional (RP) and provide necessary documents. A reply/counter was filed. The court listed the matter for further hearing on 04.06.2019 at the request of the counsel for the respondent.

## Issues and analysis

### Issue 1: Whether the directors of the corporate debtor should be directed to cooperate with the Resolution …

**Ratio:** The legal principle is based on the statutory obligations of directors to cooperate with

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**Reasoning:** The court's reasoning is based on the need for the RP to have access to all necessary

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**Interpretation:** The legal issue involves interpreting the scope of the directors' obligations

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**Application:** The court is considering whether to direct the directors of Transstroy (India)

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## Parties

- **Judges:** Ratakonda…
- **Appellants:** Canara…
- **Respondents:** Transstroy…
- **Advocates:** Deepak Bhattacharj…; Abhishek…; +2 more

## Timeline

- **2019-05-06 — Hearing…**: Hearing held on…
- **2019-06-04 — Next Hearin…**: Matter listed for further hearing on 04.06.2019 at the request of the counsel for the…

## 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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