# In the matter of Mantovani Di Dharti Private Limited

> NCLT judgment dated 2024-01-04. Citation: TCN-2024-NCLT-03313. The case involves an application filed by the Resolution Professional under section 60(5) of…

- **Court:** NCLT
- **Order date:** 4 Jan 2024
- **Citation:** TCN-2024-NCLT-03313
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mantovani-di-dharti-private-limited-73f3ca44

## Summary

### Background

The case involves an application filed by the Resolution Professional under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 154 of NCLT rules, 2016, seeking rectification of a Tribunal order dated 08.12.2023 in I.A.No.1285/2023 in C.P. (IB)no.149/HDB/2022, which approved the resolution plan of the Corporate Debtor, Mantovani Di Dharti Private Limited. The applicant pointed out a typographical error in para 13 of the order, specifically regarding the amount to be admitted for Swan LNG Private Limited's claim.

## Facts

SREI Equipment Finance Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Mantovani Di Dharti Pvt Ltd. The Resolution Professional (RP) filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking rectification of the Tribunal's order dated 08.12.2023 in I.A.No.1285/2023. The original order approved the resolution plan for Mantovani Di Dharti Private Limited. The RP highlighted a discrepancy in para 13 of the order regarding the amount to be admitted for Swan LNG Private Limited's claim. The original order stated that Rs. 95,64,00,000/- should be admitted against Swan LNG's claim of Rs. 157,10,10,127/-, but the RP contended that the correct amount to be admitted was Rs. 992,82,24,744/-. The RP had filed a compliance

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## Issues and analysis

### Issue 1: Whether the Tribunal has the power to rectify a typographical error in its order under Rule 154 of …

**Ratio:** Rule 154 of the NCLT Rules provides the Tribunal with the power to correct clerical or

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**Reasoning:** The Tribunal, after reviewing the documents and the application, was satisfied that the

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**Interpretation:** Rule 154 allows for the correction of errors that are evident on the face of

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**Application:** The Tribunal applied Rule 154 to correct the typographical error in the order,

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## Parties

- **Judges:** N. Venkata…; SH. CHARAN…
- **Appellants:** SREI EQUIPMENT…
- **Respondents:** Mantovani Di…; Swan LNG Private…

## Timeline

- **2023-12-08 — Original Ord…**: Tribunal order dated 08.12.2023 in I.A.No.1285/2023 approving the resolution plan of the…
- **2023-10-05 — Order in IA 5…**: Tribunal's directions in IA 599 of 2023 regarding the amount to be admitted for Swan LNG…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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