# In the matter of Regen Powertech Private Limited IA-702 & 1275-IB-2020 & IA-738 & 1082(CHE)-2021 in IBA-1099 & 1424-2019

> NCLT judgment dated 2022-06-01. Citation: TCN-2022-NCLT-02480. The case involves multiple applications related to the Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 1 Jun 2022
- **Citation:** TCN-2022-NCLT-02480
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/regen-powertech-private-limited-ia-702-1275-ib-2020-ia-738-1082che-2021-in-iba-1-ce51126a

## Summary

### Background

The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) initiated against Regen Powertech Private Limited. The CIRP was initiated on 2019-12-09. The Resolution Professional, Mr. Ebenezer Inbaraj, sought injunctions against WEG Industries to prevent infringement of Regen Powertech's patent rights. WEG Industries filed an application to dismiss the injunction sought by the Resolution Professional. Other applications sought directions regarding lease agreements and properties of Regen Infrastructure Private Limited.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against Regen Powertech Private Limited on 2019-12-09. Mr. Ebenezer Inbaraj was appointed as the Resolution Professional. Several applications were filed, including one by the Resolution Professional seeking injunctions against WEG Industries to prevent the infringement of Regen Powertech's patent rights (IA/1275/IB/2020). WEG Industries filed a counter-application to dismiss the injunction (IA/702(CHE)/2021). Other applications (IA/738(CHE)/2021 and IA/1082(CHE)/2021) sought directions related to lease agreements and properties of Regen Infrastructure Private Limited. A resolution plan for Regen Powertech Private Limited was approved by the Adjudicating Authority on 2022-02-01. The approved plan is

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## Issues and analysis

### Issue 1: Whether the applications IA/1275/IB/2020, IA/702(CHE)/2021, IA/738(CHE)/2021, and IA/1082(CHE)/2021 …

**Ratio:** The approval of a resolution plan renders pending applications related to the same

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**Reasoning:** The court reasoned that with the approval of the resolution plan, the prayers sought in

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**Interpretation:** The approval of a resolution plan under the Insolvency and Bankruptcy Code

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**Application:** Since the resolution plan for Regen Powertech Private Limited was approved on

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## Parties

- **Judges:** (Retd.) S.…; Anil Ku…
- **Appellants:** WEG Industries…
- **Respondents:** Regen Powertech…

## Timeline

- **2019-12-09 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) initiated against Regen Powertech Private…
- **2022-02-01 — Resolution Plan…**: Resolution plan for Regen Powertech Private Limited approved by the Adjudicating…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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