# In the matter of Beton Concrete Products Pvt. Ltd. IA-3428-2022 in C.P. (IB)-3026(MB)2019

> NCLT judgment dated 2022-11-18. Citation: TCN-2022-NCLT-00397. The case pertains to IA-3428/2022 filed in C.P. (IB)/3026(MB)2019 before the National Company…

- **Court:** NCLT
- **Order date:** 18 Nov 2022
- **Citation:** TCN-2022-NCLT-00397
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/beton-concrete-products-pvt-ltd-ia-3428-2022-in-cp-ib-3026mb2019-61fd97f2

## Summary

### Background

The case pertains to IA-3428/2022 filed in C.P. (IB)/3026(MB)2019 before the National Company Law Tribunal, Mumbai Bench. The application was filed by the Liquidator seeking an extension of one year for the completion of the Liquidation Process as per the provisions of Regulation 44(2) of the Regulations.

## Facts

The Liquidator filed an application, IA-3428/2022, seeking a one-year extension to complete the Liquidation Process. The application was filed under the provisions of Regulation 44(2) of the Regulations. The Counsel for the Liquidator made submissions in support of the extension. The court convened through video conference. Mr. Avinash R. Khanolkar, Ld. Counsel for the Applicant/Liquidator, was present. There was no representation for the Respondent. The court granted the extension from 22.09.2022 to 21.09.2023.

## Issues and analysis

### Issue 1: Whether the Liquidator's application for a one-year extension to complete the Liquidation Process …

**Ratio:** The court has the power to grant extensions for the completion of the Liquidation

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**Reasoning:** The court considered the submissions made by the Counsel for the Liquidator and found

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**Interpretation:** Regulation 44(2) of the Regulations allows for extensions of time for the

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**Application:** Given the submissions by the Liquidator's counsel, the court applied the ratio

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## Parties

- **Judges:** Manoj Kumar…; KISHORE VEMULAPALL…
- **Respondents:** Beton Concrete…
- **Advocates:** Avinash R.…

## Timeline

- **2022-09-22 — Extension Sta…**: The one-year extension for the…
- **2023-09-21 — Extension E…**: The one-year extension for…

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