# In the matter of RA-NI Precast Pvt. Ltd. CP-1156-IB-2018

> NCLT judgment dated 2022-05-24. Citation: TCN-2022-NCLT-02632. The case involves CP/1156/IB/2018 and several related IAs and MAs. The petitioner, Ms.…

- **Court:** NCLT
- **Order date:** 24 May 2022
- **Citation:** TCN-2022-NCLT-02632
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ra-ni-precast-pvt-ltd-cp-1156-ib-2018-051b857c

## Summary

### Background

The case involves CP/1156/IB/2018 and several related IAs and MAs. The petitioner, Ms. Jayashree Mohan, is present in person. The liquidator is represented by Mr. S. Sathiyanarayanan and Mr. P.R. Raman. The respondent in IA/383(CHE)/2021 and MA/820/2019 is led by Mr. E. Omprakash. Ms. Jayashree Mohan undertakes to hand over original title documents of two flats and factory land documents to the liquidator.

## Facts

The petitioner, Ms. Jayashree Mohan, is involved in a case related to CP/1156/IB/2018. She is required to hand over original title documents of two flats in Siruseri and factory land documents to the liquidator. The liquidator is represented by Mr. S. Sathiyanarayanan and Mr. P.R. Raman. The respondent in IA/383(CHE)/2021 and MA/820/2019 is represented by Mr. E. Omprakash. The court has directed Ms. Mohan to hand over the documents by 2022-06-10, with the threat of coercive actions if she fails to comply. The liquidator must acknowledge receipt of the documents. The case is listed for further hearing on 2022-06-28. The relevance of these facts is that they pertain to the transfer of assets during a liquidation process under the Insolvency and Bankruptcy Code.

## Issues and analysis

### Issue 1: Whether Ms. Jayashree Mohan should be compelled to hand over original title documents of the two …

**Ratio:** The court has the power to direct parties to comply with the requirements of the

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**Reasoning:** The court's reasoning is based on the need to facilitate the liquidation process and

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**Interpretation:** This issue involves the interpretation of the powers of the court in the

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

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## Parties

- **Judges:** R. Sucha…; SAMEER…
- **Appellants:** Jayashree…
- **Respondents:** RA-NI PRECAST PVT…; E. Ompr…

## Timeline

- **2022-05-24 — Hearing…**: Hearing held on 2022-05-24 at 10:30…
- **2022-06-10 — Document Handover…**: Ms. Jayashree Mohan directed to hand over documents to the liquidator on or before…

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