# In the matter of Little Bee International Pvt. Ltd.

> NCLT judgment dated 2024-04-22. Citation: TCN-2024-NCLT-01657. The application was filed by the applicant/liquidator seeking rectification/correction in the…

- **Court:** NCLT
- **Order date:** 22 Apr 2024
- **Citation:** TCN-2024-NCLT-01657
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/little-bee-international-pvt-ltd-adac2e25

## Summary

### Background

The application was filed by the applicant/liquidator seeking rectification/correction in the order for dissolution of the corporate debtor, M/s Little Bee International Pvt. Ltd., which was previously passed by the Adjudicating Authority on 18.01.2023. The initial order contained an inadvertent error in Para 17(ii) & (iv), concerning the closure of the Liquidation Bank Account and the maintenance of a private bank account for legal expenses. The liquidator had closed the Liquidation Bank Account before filing for dissolution and kept Rs. 1,60,186.45 in a separate private account for expenditures and legal expenses, intending to return it to the stakeholders upon dissolution. The liquidator also attached an undertaking from Bank of India, a major stakeholder, to

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## Facts

M/s Little Bee International Pvt. Ltd. was undergoing dissolution. An order dated 18.01.2023 was passed by the Adjudicating Authority to dissolve the corporate debtor. An application was filed by the applicant/liquidator seeking rectification/correction in the order for dissolution. The initial order contained an inadvertent error in Para 17(ii) & (iv), concerning the closure of the Liquidation Bank Account and the maintenance of a private bank account for legal expenses. The liquidator had closed the Liquidation Bank Account before filing for dissolution and kept Rs. 1,60,186.45 in a separate private account for expenditures and legal expenses, intending to return it to the stakeholders upon dissolution. Bank of India, a major stakeholder, provided an undertaking

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## Issues and analysis

### Issue 1: Whether the order dated 18.01.2023 should be rectified to correct an inadvertent error regarding …

**Ratio:** The Adjudicating Authority has the power to rectify errors apparent on the face of the

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**Reasoning:** The court found that there was an inadvertent error in the original order regarding the

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**Interpretation:** This legal principle allows the court to correct mistakes in its orders to

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**Application:** The court applied this principle by deleting clause (ii) of para no. 17 from

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## Parties

- **Judges:** Harnam Singh…; SUBRATA KUM…
- **Appellants:** Bank of…
- **Respondents:** M/s. Little Bee…; M/s Little Bee…

## Timeline

- **2023-01-18 — Original…**: An order was passed by the Adjudicating Authority to dissolve the corporate debtor…
- **2022-09-09 — Affidavit…**: The liquidator filed an affidavit attaching the undertaking from Bank of India to pursue…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 43 — Preferential transactions and relevant time](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-43)

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