# In the matter of Sadhna Media Pvt. Ltd. IB-769-ND-2021

> NCLT judgment dated 2022-06-01. Citation: TCN-2022-NCLT-02495. The case involves an application for the approval of the appointment of Mr. Pradeep Kumar Ray…

- **Court:** NCLT
- **Order date:** 1 Jun 2022
- **Citation:** TCN-2022-NCLT-02495
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/sadhna-media-pvt-ltd-ib-769-nd-2021-631e7022

## Summary

### Background

The case involves an application for the approval of the appointment of Mr. Pradeep Kumar Ray as the Interim Resolution Professional (IRP) to act as the Resolution Professional (RP) in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The application was filed under Section 22(3)(a) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC) 2016, along with the IBBI (IRP for CP) Regulations 2016.

## Facts

M/s. Naman Infra Developers Pvt. Ltd. filed a petition against M/s. Sadhna Media Pvt. Ltd. under Section 7 of the IBC Code, 2016. An application was made to approve the appointment of Mr. Pradeep Kumar Ray as the Interim Resolution Professional (IRP) to act as the Resolution Professional (RP) in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The applicant sought approval for this appointment, and the court considered the submissions and the consent of the IRP.

## Issues and analysis

### Issue 1: Whether the appointment of Mr. Pradeep Kumar Ray as the Interim Resolution Professional (IRP) to …

**Ratio:** Section 22(2) & (3)(a) of the IB Code provides the framework for confirming the

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**Reasoning:** The court considered the submissions made by the authorized representatives of the

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**Interpretation:** The court interpreted Section 22(2) & (3)(a) of the IB Code to allow for

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**Application:** The court applied the ratio to the facts by confirming the appointment of Mr.

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## Parties

- **Judges:** P.S.N. P…; RAHUL BHA…
- **Appellants:** M/s. Naman Infra…
- **Respondents:** M/s. Sadhna Media…

## Timeline

- **2022-06-01 — Order Del…**: Order delivered on the application for approving the appointment of Mr. Pradeep Kumar Ray…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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