# In the matter of MHG Land Stocklist Pvt. Ltd. IB-259-PB-2021

> NCLT judgment dated 2022-06-23. Citation: TCN-2022-NCLT-02073. The case involves an application to correct the name of the Resolution Professional in an order…

- **Court:** NCLT
- **Order date:** 23 Jun 2022
- **Citation:** TCN-2022-NCLT-02073
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mhg-land-stocklist-pvt-ltd-ib-259-pb-2021-e2c7ed1d

## Summary

### Background

The case involves an application to correct the name of the Resolution Professional in an order dated 2022-06-10. Initially, Mr. Anil Tayal was proposed as the Interim Resolution Professional (IRP), but later, the applicant sought a change to Mr. Anurag Nirbhaya. The Adjudicating Authority approved the change, but the order incorrectly reflected Mr. Anil Tayal's name.

## Facts

M/s. Remotebullion and Jewels Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority initially approved Mr. Anil Tayal as the Interim Resolution Professional (IRP). Subsequently, the applicant requested a change of IRP to Mr. Anurag Nirbhaya, which was also approved. However, the order dated 2022-06-10 incorrectly reflected Mr. Anil Tayal's name. An application (IA/2911/2022) was filed to correct this error. The tribunal reviewed the application and the previous order and found the change of name to be legally valid. The key fact is the discrepancy in the order regarding the IRP's name and the subsequent application to rectify it.

## Issues and analysis

### Issue 1: Whether the application to correct the name of the Resolution Professional in the order dated …

**Ratio:** The tribunal has the power to correct errors in its orders to ensure accuracy and

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**Reasoning:** The tribunal found that the order incorrectly reflected Mr. Anil Tayal's name instead of

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**Interpretation:** The interpretation is that the tribunal has the inherent power to correct

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**Application:** The tribunal applied this principle by allowing the application and clarifying

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## Parties

- **Judges:** P.S.N. P…; AVINASH K.…
- **Appellants:** M/s. Remotebullion…
- **Respondents:** M/s. MHG Land…

## Timeline

- **2022-06-10 — Order Da…**: Order passed by the Adjudicating Authority in CP No. IB-259 (ND)/2021, which incorrectly…
- **2022-06-23 — Order Del…**: The tribunal delivered the order correcting the name of the Resolution Professional to…

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