# In the matter of Mantena Laboratories Limited

> NCLT judgment dated 2023-12-13. Citation: TCN-2023-NCLT-00263. The application was filed by Mr. Prasada Raju M.R.V, a former director of the Corporate Debtor,…

- **Court:** NCLT
- **Order date:** 13 Dec 2023
- **Citation:** TCN-2023-NCLT-00263
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mantena-laboratories-limited-87378501

## Summary

### Background

The application was filed by Mr. Prasada Raju M.R.V, a former director of the Corporate Debtor, M/s Mantena Laboratories Limited, seeking to place on record certain documents related to IA No. 1468/2023, including the Request for Resolution Plan (RFRP) issued by the Resolution Professional (RP) and the Resolution Plan submitted by the Applicant to the RP and Committee of Creditors (CoC). The applicant also sought direction to the RP for submitting the Resolution plan in compliance with the terms of RFRP. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 06.08.2021, and a Resolution Professional was appointed to initiate the CIRP. The RP published RFRP1 on 24.12.2021, and the Applicant submitted Resolution Plan2 on 27.01.2022.

## Facts

Mr. Prasada Raju M.R.V, a former director of M/s Mantena Laboratories Limited, filed an application to place certain documents on record related to IA No. 1468/2023. These documents include the Request for Resolution Plan (RFRP) issued by the Resolution Professional (RP) and the Resolution Plan submitted by the Applicant to the RP and Committee of Creditors (CoC). The Corporate Debtor (M/s Mantena Laboratories Limited) was admitted into Corporate Insolvency Resolution Process (CIRP) on 06.08.2021. The RP published RFRP1 on 24.12.2021, and the Applicant submitted Resolution Plan2 on 27.01.2022. The respondents did not oppose the application. The relevance of these facts is that they outline the procedural steps taken in the CIRP and the applicant's attempt to ensure

…

## Issues and analysis

### Issue 1: Whether the documents, including the RFRP issued by the RP and the Resolution Plan submitted by the …

**Ratio:** The principle is that all relevant documents should be considered for the proper

…

**Reasoning:** The court reasoned that the documents mentioned in the application, i.e., the RFPR issued

…

**Interpretation:** The interpretation is that the court is inclined to allow the inclusion of

…

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

…

## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Prasada Raj…
- **Respondents:** M/s Mantena…; Vamsi Kambh…

## Timeline

- **2021-08-06 — Admission in…**: The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by…
- **2021-12-24 — Publication o…**: The Resolution…

---

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/mantena-laboratories-limited-87378501