# In the matter of IDBI Bank Vs. Suman Goel, CP (IB) No. 113/Chd/Hry/2022

> NCLT judgment dated 2022-07-01. Citation: TCN-2022-NCLT-01948. The case pertains to CP (IB) No. 113/Chd/Hry/2022 before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 1 Jul 2022
- **Citation:** TCN-2022-NCLT-01948
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/idbi-bank-vs-suman-goel-cp-68476ebc

## Summary

### Background

The case pertains to CP (IB) No. 113/Chd/Hry/2022 before the National Company Law Tribunal (NCLT), Chandigarh Bench. The matter involves IDBI Bank as the petitioner and Suman Goel, PG, Infra Engineering Ltd. as the respondent. The hearing is conducted through a web-based video conferencing platform.

## Facts

IDBI Bank filed a petition against Suman Goel, PG, Infra Engineering Ltd. before the NCLT Chandigarh Bench. The case is CP (IB) No. 113/Chd/Hry/2022. The hearing was conducted via video conferencing. The registry provided a report on Mr. Kapil Dev Taneja's credentials, finding no adverse remarks. Consequently, Mr. Taneja was appointed as the Resolution Professional and directed to comply with Section 99 of the IBC, 2016. The respondent's counsel requested time to file a counter, which was granted with a deadline of one week before the next hearing. The case is listed for hearing on 2022-09-16. The relevance of these facts is to establish the procedural steps taken in the insolvency resolution process, including the appointment of the Resolution Professional and the

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## Issues and analysis

### Issue 1: Whether Mr. Kapil Dev Taneja should be …

**Ratio:** The ratio is based on the registry's report indicating no adverse remarks against Mr.

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**Reasoning:** The court reasoned that since the registry's report showed no adverse findings against

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**Interpretation:** The interpretation involves assessing the credentials of the proposed

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**Application:** The ratio and reasoning are applied to the specific facts by appointing Mr.

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## Parties

- **Judges:** Satya Ranjan…; Harnam Singh…
- **Appellants:** IDBI…
- **Respondents:** Suman Goel, PG,…
- **Advocates:** Meera M…; Anand Chh…; +1 more

## Timeline

- **2022-07-01 — Order Da…**: Order issued by the…
- **2022-09-16 — Next Hearin…**: The case is listed for the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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