# In the matter of GRJ Distributors and Developers Private Limited, IA-2734 - 2022 in IB -1066(ND), 2020

> NCLT judgment dated 2022-06-10. Citation: TCN-2022-NCLT-02299. The case involves an application (IA-2734/2022) within the context of an insolvency resolution…

- **Court:** NCLT
- **Order date:** 10 Jun 2022
- **Citation:** TCN-2022-NCLT-02299
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/grj-distributors-and-developers-private-limited-ia-2734-2022-in-ib-1066nd-2020-901ad3d0

## Summary

### Background

The case involves an application (IA-2734/2022) within the context of an insolvency resolution process (CIRP) under Section 7 of the IBC, 2016. The ex-management of the applicant pointed out certain mistakes in the Public Notice issued by the IRP regarding the CIR process of the Corporate Debtor. After the mistakes were pointed out, the IRP issued a corrigendum, and the ex-management is now satisfied with the compliance made by the IRP.

## Facts

Devinder Yadav & Ors filed an application against GRJ Distributors and Developers Private Limited. The ex-management of the applicant raised concerns about mistakes in the Public Notice issued by the IRP regarding the CIR process of the Corporate Debtor. The IRP issued a corrigendum to address these mistakes. The IRP requested the ex-management to provide project-wise financials to facilitate the smooth completion of the CIRP, as the CIRP is confined to only one project of the Corporate Debtor. The ex-management assured full cooperation to the IRP.

## Issues and analysis

### Issue 1: Whether the ex-management's concerns regarding the Public Notice issued by the IRP have been …

**Ratio:** When an IRP rectifies errors in a Public Notice related to the CIRP, and the concerned

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**Reasoning:** The court noted that the IRP had issued a corrigendum to address the mistakes pointed out

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**Interpretation:** This implies that procedural errors can be rectified during the CIRP, and if

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**Application:** In this case, the IRP's issuance of a corrigendum and the ex-management's

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## Parties

- **Judges:** BACHU VENKAT…; NARNEDER KUMAR…
- **Appellants:** Devinder…
- **Respondents:** GRJ Distributors…

## Timeline

- **2022-06-10 — Order Del…**: Order delivered on 10.06.2022, directing ex-management to comply with IRP's request for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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