# In the matter of Trident Tools Limited IA 2855-2021 in C.P. (IB)-82(MB)2019

> NCLT judgment dated 2021-12-10. Citation: TCN-2021-NCLT-00209. The case pertains to IA 2855/2021 in C.P. (IB)/82(MB)2019 before the Mumbai Bench of the…

- **Court:** NCLT
- **Order date:** 10 Dec 2021
- **Citation:** TCN-2021-NCLT-00209
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/trident-tools-limited-ia-2855-2021-in-cp-ib-82mb2019-270af34a

## Summary

### Background

The case pertains to IA 2855/2021 in C.P. (IB)/82(MB)2019 before the Mumbai Bench of the National Company Law Tribunal. The application was filed by the Liquidator to amend the memo of parties in IA 857 of 2020 and IA 409 of 2020 in CP (IB) 82 of 2019 and to replace the Resolution Professional with the Liquidator, Mr. Dilipkumar Natvarlal Jagad, who is the Liquidator of the Corporate Debtor Company, in place of the Resolution Professional Mr. Nitin Vishwanath Panchal.

## Facts

Mr. Dilipkumar Natvarlal Jagad, the Liquidator, filed an application (IA 2855/2021) to amend the memo of parties in IA 857 of 2020 and IA 409 of 2020 in CP (IB) 82 of 2019. The purpose of the amendment was to replace the Resolution Professional, Mr. Nitin Vishwanath Panchal, with the Liquidator, Mr. Dilipkumar Natvarlal Jagad, who is the Liquidator of the Corporate Debtor Company. The court considered the application during a virtual hearing on 2021-12-10.

## Issues and analysis

### Issue 1: Whether the application to amend the memo of parties to replace the Resolution Professional with …

**Ratio:** The court has the power to allow amendments to pleadings and applications to ensure

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**Reasoning:** The court reasoned that allowing the amendment would ensure that the Liquidator, who is

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**Interpretation:** This legal issue involves the interpretation of the court's power to allow

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**Application:** The court applied the ratio to the facts of the case, noting that the

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## Parties

- **Judges:** Shyam Babu…; P.N. Des…
- **Appellants:** Dilipkumar…
- **Respondents:** Anil K…

## Timeline

- **2019-01-01 — C.P. (IB)/82(MB)2019…**: The Corporate Insolvency…
- **2020-01-01 — IA 857 of 2020 and IA…**: Interlocutory…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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