# In the matter of Rocana Infrastructure Private Limited IA-1123(CHE)-2020 in IBA-1062-2019

> NCLT judgment dated 16 Apr 2021. Citation: TCN-2021-NCLT-02369. The application was filed by the Resolution Professional seeking an order for the liquidation…

- **Court:** NCLT
- **Order date:** 16 Apr 2021
- **Citation:** TCN-2021-NCLT-02369
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ts-party-renuka-devi-rangaswamy-068163f7

## Summary

### Background

The application was filed by the Resolution Professional seeking an order for the liquidation of the Corporate Debtor, M/s. Rocana Infrastructure Private Limited, as per the provisions of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority had previously ordered the commencement of CIRP and appointed the applicant as IRP.

## Facts

The main application, IBA/1062/2019, was filed by Mr. B. Madhav, a Practising Company Secretary, under Section 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. This application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Rocana Infrastructure Private Limited due to a default in paying Rs. 2,83,185/- for secretarial services rendered by the Operational Creditor. The Adjudicating Authority, on January 20, 2020, ordered the commencement of CIRP and appointed Mrs. Renuka Devi Rangaswamy as the Interim Resolution Professional.

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## Issues and analysis

### Issue 1: Whether Mr. L. Bhadri should be appointed as the liquidator for M/s. Rocana Infrastructure Private…

**Ratio:** The Adjudicating Authority, having received confirmation from IBBI regarding the…

**Reasoning:** The Adjudicating Authority had already passed a liquidation order on April 16, 2021. The…

**Interpretation:** The court interpreted the IBBI's email confirmation as sufficient grounds to…

**Application:** Based on the IBBI's confirmation, Mr. L. Bhadri was appointed as the liquidator…

## Parties

- **Judges:** R. Sucha…; B. Anil…
- **Appellants:** Renuka Devi…
- **Other parties:** M/s Rocanna…; L. Bh…; +2 more
- **Advocates:** A. Sriva…; V. Pra…

## Timeline

- **January 20, 2020 — CIRP Commen…**: Adjudicating Authority ordered the commencement of CIRP and appointed Mrs. Renuka Devi…
- **January 25, 2020 — Advertisement…**: Applicant published advertisements for the initiation of CIRP and calling for claims in…

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