# In the matter of GRJ Distributors & Developers Private Limited IA-5701,5702,5703 & 5704-2021 in IB-1066(ND)-2020

> NCLT judgment dated 2022-02-23. Citation: TCN-2022-NCLT-04003. The case involves IA-5704/2021, IA-5703/2021, IA-5702/2021, and IA-5701/2021 in…

- **Court:** NCLT
- **Order date:** 23 Feb 2022
- **Citation:** TCN-2022-NCLT-04003
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/grj-distributors-developers-private-limited-ia-570157025703-5704-2021-in-ib-1066-5bec071d

## Summary

### Background

The case involves IA-5704/2021, IA-5703/2021, IA-5702/2021, and IA-5701/2021 in IB-1066(ND)/2020 before the National Company Law Tribunal, New Delhi. The applicant/petitioner is Devinder Yadav & Ors, and the respondent is GRJ Distributors and Developers Private Limited. The case is filed under Section 7 of the IBC code 2016.

## Facts

Devinder Yadav & Ors filed an application against GRJ Distributors and Developers Private Limited under Section 7 of the IBC code 2016. The applicant's counsel stated they would not file a reply to the IAs and would proceed with arguments. The corporate debtor's counsel wished to file a reply. The court directed the applicant's counsel to provide a copy of the IAs to the corporate debtor's counsel, and the corporate debtor was given two weeks to file a reply. The matter was listed for final arguments on 01.04.2022.

## Issues and analysis

### Issue 1: Whether the applicant should be directed to provide a copy of the IAs to the corporate debtor's …

**Ratio:** The principle of fairness and providing an opportunity to be heard requires that all

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**Reasoning:** The court reasoned that providing a copy of the IAs to the corporate debtor's counsel

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**Interpretation:** This ensures procedural fairness and adherence to the principles of natural

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**Application:** The court applied this principle by directing the applicant's counsel to

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## Parties

- **Judges:** BACHU VENKAT…; Narender Kumar…
- **Appellants:** Devinder Yadav &…
- **Respondents:** GRJ Distributors…

## Timeline

- **2022-02-23 — Order Del…**: Order delivered by the…
- **2022-04-01 — Next Hearin…**: Matter listed 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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