# In the matter of RGTL Industries Ltd. New IA-2290-2022 in IB-431(ND)-2019

> NCLT judgment dated 2022-05-23. Citation: TCN-2022-NCLT-02659. The case pertains to the 6th Progress report of the Liquidator in Company petition…

- **Court:** NCLT
- **Order date:** 23 May 2022
- **Citation:** TCN-2022-NCLT-02659
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/rgtl-industries-ltd-new-ia-2290-2022-in-ib-431nd-2019-f5445a35

## Summary

### Background

The case pertains to the 6th Progress report of the Liquidator in Company petition No.IA-1982/2020 filed in IB-431/ND/2019 under Section 33 in respect of RGTL Industries Limited. The matter is before the National Company Law Tribunal, New Delhi.

## Facts

The case involves the 6th progress report of the liquidator for RGTL Industries Limited. The report was filed as IA-1982/2020 in IB-431/ND/2019 under Section 33 of the IBC. The court reviewed the report and took it on record, subject to exceptions, and subsequently disposed of the IA.

## Issues and analysis

### Issue 1: Whether the 6th progress report of the …

**Ratio:** The court has the power to review and take on record progress reports submitted by the

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**Reasoning:** The court reviewed the progress report filed through the present IA and found no reason

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**Interpretation:** The interpretation is that the court can accept or reject a liquidator's

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**Application:** The court applied this principle to the specific facts of the case and took the

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## Parties

- **Judges:** BACHU VENKAT…; NARNEDER KUMAR…
- **Appellants:** M/s. Shree Balaji…
- **Respondents:** RGTL Industries…; M/s RGTL Industrie…

## Timeline

- **2019-01-01 — Filing of IB-431(ND)/201…**: IB-431(ND)/2019 was…
- **2020-01-01 — Filing of IA-1…**: IA-1982/2020 was filed in…

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