# In the matter of Daiwa House Industry India Pvt. Ltd.

> NCLT judgment dated 2025-03-05. Citation: TCN-2025-NCLT-00393. The case pertains to CP(IB) No. 207/Chd/Hry/2022 before the National Company Law Tribunal,…

- **Court:** NCLT
- **Order date:** 5 Mar 2025
- **Citation:** TCN-2025-NCLT-00393
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/daiwa-house-industry-india-pvt-ltd-9e35eec3

## Summary

### Background

The case pertains to CP(IB) No. 207/Chd/Hry/2022 before the National Company Law Tribunal, Chandigarh. The matter involves Daiwa House Industry India Pvt. Ltd. as the petitioner under Section 59 of the IBC 2016. The order is in pursuance of the last order dated 18.02.2025, where the certified copy of the resolution plans by the Board of Directors has been filed vide Diary No. 01346/10 dated 28.02.2025.

## Facts

Daiwa House Industry India Pvt. Ltd. filed a petition under Section 59 of the IBC 2016. The ROC filed a report stating that no inquiry, inspection, complaint, or legal action has been initiated or is pending against the petitioner company. The IBBI failed to file its report despite being given multiple opportunities. The Income Tax Department has no objection to the liquidation of the petitioner company, as recorded in Annexure 15 at page 169 of the main petition. The resolution plans by the Board of Directors were filed vide Diary No. 01346/10 dated 28.02.2025, pursuant to the order dated 18.02.2025.

## Issues and analysis

### Issue 1: Whether the resolution plans submitted by the …

**Ratio:** The court has the power to take documents on record if they are properly submitted and

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**Reasoning:** The resolution plans were filed in pursuance of a previous order and were properly

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**Interpretation:** The court interprets its procedural powers to include taking relevant documents

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**Application:** The resolution plans were taken on record as they were filed according to the

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## Parties

- **Judges:** Sh. Shishir…; Harnam Singh…
- **Respondents:** Daiwa House…

## Timeline

- **2025-02-18 — Previous…**: Last order date for which certified copy…
- **2025-02-28 — Filing of Resolution…**: Resolution plans by Board of…

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