# In the matter of Shirani Automotive Pvt. Ltd.

> NCLT judgment dated 2022-12-02. Citation: TCN-2022-NCLT-00242. The document pertains to an application IA/89(MP)2022 filed in CP(IB)/22(MP)2021 under Section…

- **Court:** NCLT
- **Order date:** 2 Dec 2022
- **Citation:** TCN-2022-NCLT-00242
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/shirani-automotive-pvt-ltd-1a237fd1

## Summary

### Background

The document pertains to an application IA/89(MP)2022 filed in CP(IB)/22(MP)2021 under Section 10 of the IB Code, 2016. The application was filed by the Resolution Professional (RP) under section 60(5) of the IBC, 2016 read with Rule 11 of NCLT Rules, 2016.

## Facts

An application IA/89(MP)2022 has been filed in CP(IB)/22(MP)2021. The application is filed by the RP under section 60(5) of IBC, 2016 r.w. Rule 11 of NCLT Rules, 2016. Respondent No. 1 is already ex-parte. The parties are directed to upload all documents on the e-portal. The matter is adjourned to 10.02.2023.

## Issues and analysis

### Issue 1: Whether the application filed by the RP under section 60(5) of IBC, 2016 r.w. Rule 11 of NCLT …

**Ratio:** Section 60(5) of the IBC, 2016 provides the NCLT with jurisdiction to entertain or

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**Reasoning:** The application was filed by the RP under section 60(5) of IBC, 2016 r.w. Rule 11 of NCLT

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**Interpretation:** Section 60(5) of the IBC is interpreted to provide the NCLT with broad powers

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**Application:** The RP's application falls under the purview of Section 60(5) as it relates to

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## Parties

- **Judges:** Madan B.…; KAUSHALENDRA…
- **Respondents:** Shirani Automotive…
- **Advocates:** Pratik Tr…

## Timeline

- **2022-12-02 — Order Del…**: Order delivered on…
- **2023-02-10 — Matter Adj…**: The matter stands…

## 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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