# In the matter of SLR TECHINFRA PRIVATE LIMITED

> NCLT judgment dated 2024-06-08. Citation: TCN-2024-NCLT-01202. The case involves two applications, IA/4499/ND/2024 and IA/4515/ND/2024, in the matter of…

- **Court:** NCLT
- **Order date:** 8 Jun 2024
- **Citation:** TCN-2024-NCLT-01202
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/slr-techinfra-private-limited-0682d393

## Summary

### Background

The case involves two applications, IA/4499/ND/2024 and IA/4515/ND/2024, in the matter of IB/565/PB/2021 before the National Company Law Tribunal (NCLT), New Delhi, Court IV. M/s. Endless Services Pvt Ltd is the applicant, and M/s. SLR Techinfra Pvt Ltd. is the respondent. The case is under Section 7 of the Insolvency and Bankruptcy Code (IBC). IA/4499/ND/2021 seeks directions under section 19(2) of the IBC. IA/4515/ND/2024 is an application filed under Section 22(2) of the Insolvency and Bankruptcy Code, 2016 for the appointment of a Resolution Professional.

## Facts

M/s. Endless Services Pvt Ltd initiated proceedings against M/s. SLR Techinfra Pvt Ltd. under Section 7 of the IBC. Two applications were filed: IA/4499/ND/2021 seeking directions under Section 19(2) of the IBC, and IA/4515/ND/2024 for the appointment of a Resolution Professional under Section 22(2) of the IBC, 2016. A CoC meeting was held on 08.06.2024, where a resolution was passed to appoint the IRP as Resolution Professional. The Adjudicating Authority considered the submissions made on behalf of the IRP and the contents of the application IA/4515/ND/2024. The court directed the IRP to serve notice to the Respondents/Ex-directors in IA/4499/ND/2021 and directed the respondent to file a reply.

## Issues and analysis

### Issue 1: Whether the application IA/4515/ND/2024 for the appointment of a Resolution Professional should be …

**Ratio:** Section 22(2) of the Insolvency and Bankruptcy Code, 2016 allows for the appointment of a

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**Reasoning:** The Adjudicating Authority considered the submissions made on behalf of the IRP and the

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**Interpretation:** Section 22(2) provides the legal basis for appointing a Resolution

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**Application:** Given the resolution passed in the CoC meeting and the submissions made on

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## Parties

- **Judges:** MANNI SANKARIAH…; Sanjeev R…
- **Appellants:** M/s. Endless…
- **Respondents:** M/s. SLR Techinfra…
- **Advocates:** Rachit M…

## Timeline

- **2024-06-08 — CoC Meet…**: A resolution was passed in the CoC meeting to…
- **2024-09-18 — Order Del…**: The order was delivered…

## 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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