# In the matter of Regen Infrastructure And Services Private Limited

> NCLT judgment dated 2024-06-04. Citation: TCN-2024-NCLT-01251. The document is an attendance cum order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 4 Jun 2024
- **Citation:** TCN-2024-NCLT-01251
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/regen-infrastructure-and-services-private-limited-d18d463a

## Summary

### Background

The document is an attendance cum order sheet from the National Company Law Tribunal (NCLT), Chennai Bench, held on June 4, 2024. It lists various applications (IAs) related to corporate insolvency resolution processes (CIRP) under the Insolvency and Bankruptcy Code (IBC). The cases involve M/s Regen Powertech Pvt Ltd and Regen Infrastructure and Services Pvt Ltd. The document details the appearances of counsels, resolution professionals (RPs), and other parties involved in the respective applications. Several applications are being withdrawn, some are allowed, and others are posted for further hearing or awaiting orders from the National Company Law Appellate Tribunal (NCLAT).

## Facts

The document presents a series of facts related to ongoing CIRP cases before the NCLT Chennai. Key facts include:

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## Issues and analysis

### Issue 1: Whether IA/IBC/1703/2023 and IA/IBC/345/2022 should be allowed, and the lease deed dated 18.01.2018 …

**Ratio:** The principle applied is that transactions must be in terms of commercial propriety and

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**Reasoning:** The NCLT examined the issue and found that the lease deed was not entered into in terms

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**Interpretation:** This interprets the requirement for transactions to align with commercial norms

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

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## Parties

- **Judges:** Shri. JYOTI KUMAR…; SHRI. RAVICHANDRAN…
- **Respondents:** REGEN POWERTECH…

## Timeline

- **2024-06-04 — Hearing…**: Hearing of various IAs related to CIRP of M/s Regen Powertech Pvt Ltd and Regen…
- **2018-01-18 — Lease Dee…**: Date of the lease deed that…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/regen-infrastructure-and-services-private-limited-d18d463a