# In the matter of Mr. Anant Saxena, CP (IB)/667(PB)/2021

> NCLT judgment dated 2022-03-29. Citation: TCN-2022-NCLT-03491. The case pertains to an application/petition filed under Section 94 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 29 Mar 2022
- **Citation:** TCN-2022-NCLT-03491
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mr-anant-saxena-cp-ib667pb2021-4427d7f3

## Summary

### Background

The case pertains to an application/petition filed under Section 94 of the Insolvency and Bankruptcy Code (IBC). The order addresses the matter of Mr. Anant Saxena, represented by RP Gagan Gulati. The order was delivered by the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.

## Facts

Mr. Anant Saxena, represented by Resolution Professional (RP) Gagan Gulati, filed an application/petition under Section 94 of the Insolvency and Bankruptcy Code (IBC). The Insolvency and Bankruptcy Board of India (IBBI) did not raise any objections. The NCLT confirmed the appointment of the RP and directed the RP to file a report as per Section 99 of the IBC. The matter is scheduled for a physical hearing on 27.04.2022.

## Issues and analysis

### Issue 1: Whether the appointment of the Resolution Professional (RP) should be confirmed in the absence of …

**Ratio:** The absence of objection from the IBBI generally supports the confirmation of the RP's

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**Reasoning:** The court notes that there is no report nor any objection from the IBBI, which is a key

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**Interpretation:** This implies that the IBBI, after reviewing the appointment, has found it to be

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**Application:** In this specific case, since the IBBI has not raised any objections, the court

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## Parties

- **Judges:** Ramalingam…; SH. AVINASH KUMAR…
- **Appellants:** Anant S…
- **Advocates:** Iswar Moh…; Gaurav Sriv…

## Timeline

- **2022-03-29 — Order Del…**: Order delivered by the…
- **2022-04-27 — Matter L…**: Matter listed for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 94 — Application by debtor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-94)

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