# In the matter of Dewan Housing Finance Corporation Limited IA No. 338-2021 & IA No. 3128-2022 in CP(IB)4258-MB-C-II-2019

> NCLT judgment dated 2023-02-09. Citation: TCN-2023-NCLT-04665. The applicant sought to amend the memorandum of parties in a previous application (IA 338 of…

- **Court:** NCLT
- **Order date:** 9 Feb 2023
- **Citation:** TCN-2023-NCLT-04665
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/dewan-housing-finance-corporation-limited-ia-no-338-2021-ia-no-3128-2022-in-cpib-09c97c0e

## Summary

### Background

The applicant sought to amend the memorandum of parties in a previous application (IA 338 of 2021) and to substitute its name in place of the erstwhile Administrator.

## Facts

Piramal Capital & Housing Finance Limited, formerly known as Dewan Housing Finance Corporation Limited, filed an application, IA 3128 of 2022, under Rule 11 of the National Company Law Tribunal Rules, 2016, and Section 60(5) of the Insolvency & Bankruptcy Code, 2016. This application was filed in the context of an ongoing insolvency proceeding, CP(IB)4258/MB/C-II/2019, and a related application, IA 338 of 2021. The primary purpose of the application was to seek amendments to the memorandum of parties in IA 338 of 2021.

## Issues and analysis

### Issue 1: Whether the applicant, Piramal Capital & Housing Finance Limited, should be allowed to amend …

**Ratio:** The application for amendment of the memorandum of parties and substitution of the

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**Reasoning:** The Tribunal considered that a similar issue had already been dealt with and decided in

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**Interpretation:** The Tribunal interpreted its previous decision in IA 2852 of 2021 as a

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**Application:** Given the precedent set in IA 2852 of 2021, the Tribunal applied the same

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## Parties

- **Judges:** P.N. Des…; Shyam Babu…; +1 more
- **Appellants:** PIRAMAL CAPITAL &…
- **Respondents:** Dewan Housing…; Kapil Wad…; +1 more
- **Advocates:** Chitra Re…; J. P.…; +4 more

## Timeline

- **February 9, 2023 — Order Del…**: The National Company Law Tribunal, Mumbai Bench, Court II, delivered the order on…

## 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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