# In the matter of Shrinathji Business Ventures Pvt. Ltd.

> NCLT judgment dated 2024-08-01. Citation: TCN-2024-NCLT-00896. The document pertains to a correction order issued by the National Company Law Tribunal (NCLT)…

- **Court:** NCLT
- **Order date:** 1 Aug 2024
- **Citation:** TCN-2024-NCLT-00896
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/shrinathji-business-ventures-pvt-ltd-7919a4e2

## Summary

### Background

The document pertains to a correction order issued by the National Company Law Tribunal (NCLT) at Jaipur. The final order in the Company Petition was pronounced on 29.07.2024 and uploaded on the website. Upon review, a typographical error was identified in the IBBI Registration Number of the Resolution Professional, Mr. Prashant Agrawal, and in the amount mentioned in words.

## Facts

The final order was pronounced on 2024-07-29. A typographical error was found in the order. The IBBI Registration No. of the Resolution Professional, Mr. Prashant Agrawal, was incorrectly written as IBBI/IPA-002/IP-N00031/2016-2017/10068 instead of IBBI/IPA-001/IP-P00053/2017-18/10127. In Para 6.4 at page 14 of the Order, the amount in words was written as 'Rupees Fifty Crore Twenty-Two Lakhs Only' instead of 'Rupees Fifty-Eight Crore Twenty-Two Lakhs Only'. The court took suo-moto action under Rule 154 of the National Company Law Tribunal Rules, 2016, to correct these errors. The corrected order is dated 2024-07-29.

## Issues and analysis

### Issue 1: Whether the typographical error in the IBBI Registration Number of the Resolution Professional …

**Ratio:** Rule 154 of the National Company Law Tribunal Rules, 2016, allows the tribunal to take

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**Reasoning:** The court identified a clear typographical error in the IBBI Registration Number of the

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**Interpretation:** Rule 154 empowers the tribunal to rectify errors on its own initiative to

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**Application:** The court applied Rule 154 to correct the IBBI Registration Number from

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## Parties

- **Judges:** RAJEEV ME…; Deep Chandr…
- **Appellants:** ARTI KANOONGO &…
- **Respondents:** M/S SHRINATHJI…

## Timeline

- **2024-07-29 — Final Order Pr…**: The final order was pronounced in the instant Company Petition and uploaded on the…
- **2024-07-29 — Corrections Made in the…**: Corrections were made to the IBBI Registration Number and the amount in words in the…

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