# In the matter of Hi Tech Air Power Private Limited

> NCLT judgment dated 2024-12-04. Citation: TCN-2024-NCLT-00100. The case involves applications filed by the Applicant-RP seeking to take on record the 1st and…

- **Court:** NCLT
- **Order date:** 4 Dec 2024
- **Citation:** TCN-2024-NCLT-00100
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/hi-tech-air-power-private-limited-d5d1b62d

## Summary

### Background

The case involves applications filed by the Applicant-RP seeking to take on record the 1st and 2nd Progress Reports for the period from 2024-07-31 to 2024-09-15 and 2024-09-15 to 2024-10-21 respectively. The matter is before the National Company Law Tribunal, Bengaluru Bench.

## Facts

Mr. Harish B. & Ors. filed a petition against M/s. Hi-Tech Air Power Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Applicant-RP filed applications (I.A.Nos.706 & 776/2024) seeking to take on record the 1st and 2nd Progress Reports for the periods 2024-07-31 to 2024-09-15 and 2024-09-15 to 2024-10-21. The court heard the counsel for the RP and allowed the applications, taking the progress reports on record. The case was listed with other I.As. on 2025-01-20.

## Issues and analysis

### Issue 1: Whether the applications filed by the Applicant-RP should be allowed to take on record the 1st and …

**Ratio:** The legal principle applied is the court's discretion to allow applications based on the

…

**Reasoning:** The court reasoned that based on the circumstances and reasons mentioned in the

…

**Interpretation:** The interpretation involves the court's power to manage the proceedings and

…

**Application:** The ratio and reasoning were applied to the specific facts of the case, where

…

## Parties

- **Judges:** K. Bi…; Manoj Kumar…
- **Appellants:** Harish B.…
- **Respondents:** M/s. Hi-Tech Air…

## Timeline

- **2016-01-01 — Order under Section 7…**: Order passed under Section 7 of the…
- **2024-07-31 — Start of First Progress…**: The beginning date for the…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/hi-tech-air-power-private-limited-d5d1b62d