# In the matter of Abloom Infotech Pvt. Ltd. I.A. 5981- ND-2022 in Company Petition No. (IB) – 2115-(ND)-2019

> NCLT judgment dated 2023-02-14. Citation: TCN-2023-NCLT-04604. The application, I.A. 5981/2022, was filed by M/s Dauphin Cables Private Limited, a shareholder…

- **Court:** NCLT
- **Order date:** 14 Feb 2023
- **Citation:** TCN-2023-NCLT-04604
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/abloom-infotech-pvt-ltd-ia-5981-nd-2022-in-company-petition-no-ib-2115-nd-2019-796409aa

## Summary

### Background

The application, I.A. 5981/2022, was filed by M/s Dauphin Cables Private Limited, a shareholder of the Corporate Debtor, Abloom Infotech Private Limited, under Section 60(5) of the Insolvency and Bankruptcy Code (IBC). The applicant sought directions for the Resolution Professional (RP) to provide documents and calculations related to the admitted claim of the Financial Creditor, DMI Finance Pvt. Ltd., and to redetermine the claim amount of the Financial Creditor.

## Facts

DMI Finance Pvt. Ltd. is the Financial Creditor. M/s Abloom Infotech Pvt. Ltd. is the Corporate Debtor. M/s Dauphin Cables Private Limited, a shareholder of the Corporate Debtor, filed an application (I.A. 5981/2022) under Section 60(5) of the IBC, seeking documents and calculations related to the admitted claim of the Financial Creditor from the Resolution Professional (RP). The applicant also sought a redetermination of the Financial Creditor's claim amount. The RP in question is Mr. Parveen Bansal. The NCLT heard the counsels for both parties. The applicant failed to specify the provision or regulation under which they could claim such documents. The NCLT found no specific provision allowing shareholders to request such documents but directed the RP to file an

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## Issues and analysis

### Issue 1: Whether the applicant, Dauphin Cables Private Limited, is entitled to receive documents and …

**Ratio:** The responsibility of the Resolution Professional under Section 18(1)(b) of the IBC is to

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**Reasoning:** The court found that the applicant failed to point out any provision or regulation under

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**Interpretation:** Section 18(1)(b) outlines the RP's duty to collate claims. Section 60(5)

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**Application:** The applicant, being a shareholder and not a creditor, could not rely on

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## Parties

- **Judges:** SHRI. BACHU…; RAHUL BHA…
- **Appellants:** M/s Dauphin…
- **Respondents:** M/S Abloom…; RP MR. PARVEEN…

## Timeline

- **2019-01-01 — Company Petiti…**: Company Petition No. (IB) –…
- **2022-01-01 — Application…**: I.A. 5981/2022 was…

## 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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