# In the matter of Eagle Corporation Pvt. Ltd. IA 885 of 2020 in CP(IB) 44 of 2018

> NCLT judgment dated 2022-05-10. Citation: TCN-2022-NCLT-02801. The case pertains to IA 885 of 2020 in CP(IB) 44 of 2018 before the National Company Law…

- **Court:** NCLT
- **Order date:** 10 May 2022
- **Citation:** TCN-2022-NCLT-02801
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/eagle-corporation-pvt-ltd-ia-885-of-2020-in-cpib-44-of-2018-cdcae598

## Summary

### Background

The case pertains to IA 885 of 2020 in CP(IB) 44 of 2018 before the National Company Law Tribunal (NCLT), Ahmedabad. The order relates to a matter under Section 9 of the Insolvency and Bankruptcy Code (IBC). The IBBI was previously directed to file a report, and the registry was instructed to send a copy of the order to the IBBI for further action and compliance. As of the current order, the report from IBBI is still awaited.

## Facts

The case involves an application by VE Commercial Vehicles Ltd against Eagle Corporation Pvt Ltd. An order was previously issued on 2022-04-18 directing the IBBI to file a report, following an earlier order dated 2022-02-17. The registry sent a copy of the order to the IBBI for compliance. As of 2022-05-10, the IBBI's report is still pending. The court has now directed the registry to send another reminder to the IBBI to ensure compliance within two weeks. The case is listed for further hearing on 2022-06-28.

## Issues and analysis

### Issue 1: Whether the IBBI has complied with the …

**Ratio:** The ratio is based on the principle of ensuring compliance with court orders and the need

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**Reasoning:** The court's reasoning is that the IBBI's report is crucial for further proceedings in the

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**Interpretation:** This issue involves the interpretation of the court's power to direct

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**Application:** The court applies this principle by directing the registry to send another

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## Parties

- **Judges:** Dr.Deepti…; Ajai Das Me…
- **Appellants:** VE Commercial…
- **Respondents:** Eagle Corporation…

## Timeline

- **2022-02-17 — Previous…**: IBBI was directed to…
- **2022-04-18 — Order Recording IBBI…**: As recorded in the order dated 18.04.2022, IBBI was directed to file report vide order…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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