# In the matter of SLO Industries Limited

> NCLT judgment dated 2023-07-24. Citation: TCN-2023-NCLT-05265. The case involves an application IA(IBC)/1126(CHE)/2023 filed under Section 340(1) of Cr. P. C,…

- **Court:** NCLT
- **Order date:** 24 Jul 2023
- **Citation:** TCN-2023-NCLT-05265
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/slo-industries-limited-9a776d2f

## Summary

### Background

The case involves an application IA(IBC)/1126(CHE)/2023 filed under Section 340(1) of Cr. P. C, 1973 read with Rule 11 of NCLT Rules, 2016, seeking relief related to perjury against the respondent.

## Facts

An application IA(IBC)/1126(CHE)/2023 was filed seeking relief related to perjury.

The applicant sought to have the respondent charged with perjury and the matter committed to the Metropolitan Magistrate Court.

The CIRP of SLO Industries Limited commenced on 04.11.2019.

Liquidation of the Corporate Debtor was ordered on 21.01.2022.

The Tribunal found that it does not have the jurisdiction to try offences of perjury.

The Tribunal is not a Special Court established under Chapter XXVIII of the Companies Act, 2013.

## Issues and analysis

### Issue 1: Whether the Tribunal has the jurisdiction to try …

**Ratio:** A Criminal Court has the jurisdiction to try the matter relating to the offences of

…

**Reasoning:** The Tribunal stated that it does not have the jurisdiction to try the matter relating to

…

**Interpretation:** The Tribunal interpreted the law to mean that matters of perjury fall under the

…

**Application:** The Tribunal applied this interpretation to the present case and concluded that

…

## Parties

- **Judges:** SANJIV…; SAMEER…
- **Appellants:** Anil Kuma…
- **Respondents:** SLO Industries…; CS C. Ramasubraman…

## Timeline

- **2019-11-04 — CIRP Commen…**: CIRP commenced vide…
- **2022-01-21 — Liquidation…**: Tribunal vide order dated 21.01.2022 ordered…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 236 — Trial of offences by Special Court](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-236)

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