# In the matter of GTHS Retails Pvt. Ltd.

> NCLT judgment dated 2023-05-11. Citation: TCN-2023-NCLT-03411. The document pertains to a case before the National Company Law Tribunal (NCLT), New Delhi…

- **Court:** NCLT
- **Order date:** 11 May 2023
- **Citation:** TCN-2023-NCLT-03411
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/gths-retails-pvt-ltd-3dd207a7

## Summary

### Background

The document pertains to a case before the National Company Law Tribunal (NCLT), New Delhi Bench (Court - II). The matter concerns M/s. PR International as the Applicant/Petitioner and M/s. GTHS Retails Pvt. Ltd. as the Respondent. The case is related to Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 (Liquidation).

## Facts

M/s. PR International filed a case against M/s. GTHS Retails Pvt. Ltd. under Section 9 of the IBC, 2016. Rajesh Kumar, representing G.M. (IBBI), requested an additional four weeks to comply with the order dated 17.01.2023 and file the necessary report. The court granted the extension, and the case is scheduled for further hearing on 19.07.2023.

## Issues and analysis

### Issue 1: Whether to grant an extension of time to G.M. (IBBI) for complying with the order dated 17.01.2023 …

**Ratio:** The court has the discretion to grant extensions of time based on the circumstances and

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**Reasoning:** The court considered the request made by Rajesh Kumar, representing G.M. (IBBI), for

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**Interpretation:** The interpretation involves assessing the reasonableness of the request and the

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**Application:** The court applied its discretion to grant the extension, allowing four weeks

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## Parties

- **Judges:** SHRI. ASHOK KUMAR…; Shri. L. N.…
- **Appellants:** M/s. PR Internatio…
- **Respondents:** M/s. GTHS Retails…

## Timeline

- **2023-01-17 — Previous Ord…**: An order was issued on this date, which…
- **2023-05-11 — Order Da…**: The court granted G.M. (IBBI) four weeks to comply with the order dated 17.01.2023 and…

## 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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