# In the matter of Jaycee Homes Pvt. Ltd. C.P.(IB)-4045(MB)-2019

> NCLT judgment dated 2022-03-31. Citation: TCN-2022-NCLT-03455. The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 31 Mar 2022
- **Citation:** TCN-2022-NCLT-03455
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/jaycee-homes-pvt-ltd-cpib-4045mb-2019-2c523d87

## Summary

### Background

The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was heard through virtual hearing. The financial creditor sought permission to amend Form-I of Home Buyers. The corporate debtor did not object to the amendment in the company petition.

## Facts

The case involves a financial creditor seeking to amend Form-I of Home Buyers in a company petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor has no objection to the amendment. The matter is being heard virtually. The counsel for the Home Buyers is directed to carry out the necessary amendment and serve the amended copies to the other side. The case is listed for hearing on 09.05.2022.

## Issues and analysis

### Issue 1: Whether the Financial Creditor should be …

**Ratio:** The principle of allowing amendments to pleadings is generally accepted to ensure a fair

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**Reasoning:** The court noted that the Corporate Debtor had no objection to the amendment. This lack of

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**Interpretation:** The interpretation of procedural law allows for amendments to pleadings to

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**Application:** In this case, the Financial Creditor's request to amend Form-I was granted

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## Parties

- **Judges:** Shyam Babu…; P.N. Des…
- **Appellants:** Rishi G…
- **Respondents:** Jaycee Homes Pvt…

## Timeline

- **2022-03-31 — Order Da…**: Order sheet of the hearing of Mumbai Bench…
- **2022-05-09 — Next Hearin…**: Matter listed for…

## 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)

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