# In the matter of Helpline Hospitality Pvt. Ltd. IA-224., 951,1026-2023 & Misc. Application -05-2022, (IB)-35(ND)-2017

> NCLT judgment dated 2023-02-22. Citation: TCN-2023-NCLT-04499. The case involves multiple Interlocutory Applications (IAs) related to the insolvency…

- **Court:** NCLT
- **Order date:** 22 Feb 2023
- **Citation:** TCN-2023-NCLT-04499
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/helpline-hospitality-pvt-ltd-ia-224-9511026-2023-misc-application-05-2022-ib-35n-7ceabc52

## Summary

### Background

The case involves multiple Interlocutory Applications (IAs) related to the insolvency resolution process of M/s. Helpline Hospitality Pvt. Ltd. IA-1026/2023 and IA-951/2023 were filed by Mr. T.S. Murali seeking information and documents from the Liquidator and a copy of a Settlement/Demand Draft. Misc. Application-05/2022 concerns the valuation of a property (Plot No. 158, Block-G, Sector 41, Noida) and the upset price fixed for its auction.

## Facts

Mr. T.S. Murali, the applicant, filed IA-1026/2023 and IA-951/2023 seeking information and documents from the Liquidator and a copy of a Settlement/Demand Draft dated 21.01.2023. Mr. Murali had resigned from the Board of Directors on 01.11.2006, prior to the commencement of the CIRP in 2017. Misc. Application-05/2022 concerns the valuation of Plot No. 158, Block-G, Sector 41, Noida, and the upset price fixed for its auction. The Delhi High Court had passed an order regarding the property, clarifying that the handing over of possession would be subject to the orders passed by the NCLT. The Liquidator produced the summary of properties sold in Block G, Sector 41, Noida, and their sale statistics, indicating an average price of Rs. 95,466.89/- per Sq. Mtr. The Liquidator

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## Issues and analysis

### Issue 1: Whether Mr. T.S. Murali, as a third party, has the locus standi to file IA-1026/2023 and …

**Ratio:** A third party is not empowered to settle the dues of the Creditor during the period of

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**Reasoning:** The court reasoned that Mr. T.S. Murali, having resigned from the Board of Directors

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**Interpretation:** The interpretation is that only parties directly involved in the insolvency

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**Application:** Since Mr. Murali was a third party and not directly involved in the insolvency

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## Parties

- **Judges:** Sh. Ashok Kumar…; L. N. G…
- **Appellants:** T.S. MU…
- **Respondents:** Helpline Hospitali…

## Timeline

- **2006-11-01 — Resignation of Mr. T.S.…**: Mr. T.S. Murali resigned…
- **2017-01-01 — Commencement…**: The Corporate Insolvency Resolution Process (CIRP) commenced for M/s. Helpline…

## 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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