# In the matter of OM Pizzas and Eats India Pvt. Ltd.

> NCLT judgment dated 2023-01-23. Citation: TCN-2023-NCLT-04942. The case pertains to IA-5761/2022 filed before the National Company Law Tribunal (NCLT), New…

- **Court:** NCLT
- **Order date:** 23 Jan 2023
- **Citation:** TCN-2023-NCLT-04942
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/om-pizzas-and-eats-india-pvt-ltd-0beb7a04

## Summary

### Background

The case pertains to IA-5761/2022 filed before the National Company Law Tribunal (NCLT), New Delhi, Special Bench (Court - II). The application seeks approval for the disposal of certain assets of the Corporate Debtor (CD). M/s. Gozoop Online Pvt. Ltd. is the Applicant/Petitioner, and OM Pizzas and Eats India Pvt. Ltd. is the Respondent. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 (Liquidation).

## Facts

M/s. Gozoop Online Pvt. Ltd. filed an application (IA-5761/2022) under Section 9 of the IBC, 2016, seeking approval for the disposal of certain assets of the Corporate Debtor. OM Pizzas and Eats India Pvt. Ltd. is the respondent in this case. The applicant is the Liquidator. The court considered the application and directed the Liquidator to file an inventory of the assets sought to be disposed of, along with the price offered for the same in response to the tender. The court has set a deadline of one week for the Liquidator to comply with the order. The case is listed for further hearing on 02.03.2023.

## Issues and analysis

### Issue 1: Whether the application for approval for disposal of certain assets of the Corporate Debtor should …

**Ratio:** The court has the power to approve the disposal of assets of the Corporate Debtor during

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**Reasoning:** The court reasoned that it needs to ensure that the disposal of assets is conducted in a

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**Interpretation:** The interpretation of the IBC, 2016, allows for the disposal of assets during

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**Application:** In this case, the court applied the principle by directing the Liquidator to

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## Parties

- **Judges:** SHRI. ASHOK KUMAR…; SHRI. ATUL…
- **Appellants:** M/s. Gozoop…
- **Respondents:** OM Pizzas and…

## Timeline

- **2023-01-23 — Order Del…**: Order delivered on 23.01.2023, directing the…
- **2023-03-02 — Next Hearin…**: Case listed on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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