# In the matter of Golden Beach Infracon Pvt. Ltd. I.A. 6,518,1445,1687 & 3888-2022 in C.P.(IB)-3367(MB)-2019

> NCLT judgment dated 2023-01-06. Citation: TCN-2023-NCLT-05167. The case involves multiple Interlocutory Applications (I.A.s) filed in connection with…

- **Court:** NCLT
- **Order date:** 6 Jan 2023
- **Citation:** TCN-2023-NCLT-05167
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/golden-beach-infracon-pvt-ltd-ia-651814451687-3888-2022-in-cpib-3367mb-2019-6abf00c2

## Summary

### Background

The case involves multiple Interlocutory Applications (I.A.s) filed in connection with C.P.(IB)-3367(MB)/2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The I.A.s include I.A. 3888/2022, I.A. 1687/2022, I.A. 1445/2022, I.A. 518/2022, and I.A. 6/2022. The case pertains to Parco Engineers M Private Limited V/s. Golden Beach Infracon Pvt Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional filed I.A. 1445/2022 for the Liquidation of the Corporate Debtor Company. I.A. 1687/2022 was filed by the applicant challenging the rejection of their claim by the RP. I.A. 3888/2022 was filed by the applicant to condone the delay and direct the RP to consider their claim.

## Facts

Parco Engineers M Private Limited initiated insolvency proceedings against Golden Beach Infracon Pvt Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. Several Interlocutory Applications (I.A.s) were filed in connection with the case, including I.A. 3888/2022, I.A. 1687/2022, I.A. 1445/2022, I.A. 518/2022, and I.A. 6/2022. The Resolution Professional filed I.A. 1445/2022 seeking liquidation of the Corporate Debtor Company. An applicant filed I.A. 1687/2022 challenging the rejection of their claim by the Resolution Professional (RP). Another applicant filed I.A. 3888/2022 seeking condonation of delay in submitting their claim and directing the RP to consider it. The NCLT heard arguments from the counsels appearing for the Resolution Professional,

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## Issues and analysis

### Issue 1: Whether I.A. 1445/2022, filed by the Resolution Professional for the Liquidation of the Corporate …

**Ratio:** The court has the power to allow an application for liquidation if it is deemed

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**Reasoning:** The court heard the arguments of the counsel appearing for the Resolution Professional

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**Interpretation:** This involves interpreting the provisions of the IBC related to liquidation and

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**Application:** The court applied its power to allow the liquidation application based on the

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## Parties

- **Judges:** H.V. Subb…; Madhu S…
- **Respondents:** Golden Beach…; Parco Engineers M…

## Timeline

- **2023-01-06 — Order Shee…**: Order sheet of the hearing of Mumbai Bench…
- **2023-02-13 — Next Hearin…**: Matter listed for…

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