# In the matter of Influx7 Technology Consulting Pvt. Ltd. C.P.(IB)No.36-BB-2023

> NCLT judgment dated 2023-04-21. Citation: TCN-2023-NCLT-03679. The case involves M/s. Indflux Technology Consulting Pvt. Ltd. and pertains to an order under…

- **Court:** NCLT
- **Order date:** 21 Apr 2023
- **Citation:** TCN-2023-NCLT-03679
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/influx7-technology-consulting-pvt-ltd-cpibno36-bb-2023-1277fe4d

## Summary

### Background

The case involves M/s. Indflux Technology Consulting Pvt. Ltd. and pertains to an order under Section 59 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter is being heard by the National Company Law Tribunal (NCLT), Special Bench, Bengaluru, through a web-based video conferencing platform.

## Facts

M/s. Indflux Technology Consulting Pvt. Ltd. is involved in a case under Section 59 of the IBC, 2016. The court has directed the PCS for the Petitioner to clarify the status of claims received from creditors, including whether they have been settled. The PCS is also required to file Bank Statements/Record of Business for the year 2021. Notices are to be issued to the Registrar of Companies, Karnataka, and the IBBI, New Delhi. The statutory authorities are required to file their reports within 30 days of receiving the notice, and the Petitioner must respond within one week of receiving the reports. The case is listed for further hearing on 2023-06-15. The order was delivered on 2023-04-21.

## Issues and analysis

### Issue 1: Whether the PCS for the Petitioner should provide clarification regarding the claims received by …

**Ratio:** The court has the power to seek clarification on matters relevant to the case to ensure a

…

**Reasoning:** The court needs to understand the status of the claims received by the creditors to

…

**Interpretation:** This is an interpretation of the court's inherent power to seek information

…

**Application:** The PCS is directed to provide clarification on the claims to assist the court

…

## Parties

- **Judges:** BIDISHA BA…; Manoj Kumar…
- **Respondents:** M/s. Indflux…

## Timeline

- **2016-01-01 — Order under Section 59…**: Order passed under Section 59 of the…
- **2023-04-21 — Order Del…**: Order delivered by the…

---

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/influx7-technology-consulting-pvt-ltd-cpibno36-bb-2023-1277fe4d