# In the matter of Noble Resourcing Business and Solutions Pvt. Ltd.

> NCLT judgment dated 2023-07-31. Citation: TCN-2023-NCLT-02265. The case involves an application filed by the Resolution Professional (RP) for the release of…

- **Court:** NCLT
- **Order date:** 31 Jul 2023
- **Citation:** TCN-2023-NCLT-02265
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/noble-resourcing-business-and-solutions-pvt-ltd-a4d3264f

## Summary

### Background

The case involves an application filed by the Resolution Professional (RP) for the release of outstanding fees and other expenses. The main company petition, (IB)-494(PB)/2017, has already been disposed of vide order dated 03.07.2019 under Section 12A.

## Facts

The Resolution Professional (RP) filed an application (CA-907/2020) seeking the release of outstanding fees and other expenses. The main company petition, with the number (IB)-494(PB)/2017, had already been disposed of by an order dated 03.07.2019 under Section 12A. The applicant is now directed to approach the IBBI for appropriate relief.

## Issues and analysis

### Issue 1: Whether the application for the release of outstanding fees and expenses by the RP is maintainable …

**Ratio:** When the main petition has been disposed of, any ancillary claims related to the petition

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**Reasoning:** The court reasoned that since the main company petition (IB)-494(PB)/2017 was already

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**Interpretation:** The interpretation is that once the main petition is disposed of, related

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**Application:** The ratio and reasoning are applied to the specific facts by directing the

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## Parties

- **Judges:** Ramalingam…; Sh. Avinash Kumar…
- **Appellants:** Reliance Commercia…
- **Respondents:** Noble Resourcing…

## Timeline

- **2019-07-03 — Disposal of Main…**: The main company petition no. (IB)-494(PB)/2017 was disposed of vide order under Section…
- **2020-01-01 — Application for Release…**: RP filed application CA-907/2020 for the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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