# In the matter of Smartering Infratech Private Limited

> NCLT judgment dated 2023-10-20. Citation: TCN-2023-NCLT-01046. The case involves an interlocutory application preferred by Mr. Sanjay Mehra, the Resolution…

- **Court:** NCLT
- **Order date:** 20 Oct 2023
- **Citation:** TCN-2023-NCLT-01046
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/smartering-infratech-private-limited-fd8659f7

## Summary

### Background

The case involves an interlocutory application preferred by Mr. Sanjay Mehra, the Resolution Professional of M/s. Smartering Infratech Private Limited ('Corporate Debtor') under Section 49 read with Section 45 of the Code, 2016. The Resolution Professional seeks directions for the Respondents to contribute to the assets of the Corporate Debtor due to fraudulent transactions.

## Facts

Mr. Sanjay Mehra, the Resolution Professional of M/s. Smartering Infratech Private Limited, filed an interlocutory application under Section 49 read with Section 45 of the IBC, 2016. The application is based on the examination of the Transaction Audit Report dated 05.06.2023 and the books of the Corporate Debtor. The Resolution Professional believes that clarifications regarding rebates and discounts provided by the Suspended Board of Directors are unsatisfactory. The Resolution Professional seeks a direction for the Respondents to contribute Rs.1,20,478/- to the assets of the Corporate Debtor due to fraudulent transactions. The respondents include Mr. Rishipreet Singh Sachdeva, Mr. Gaganpreet Singh Sachdeva, M/s. Pioneer Enterprises, and M/s. Royal Impact

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## Issues and analysis

### Issue 1: Whether the present …

**Ratio:** The court considered the application preferred by the Resolution Professional based on

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**Reasoning:** The court found merit in the application to the extent of issuing notices to the

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**Interpretation:** The court interpreted the application as a request for directions to the

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**Application:** The court applied the ratio by directing the issuance of notices to the

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## Parties

- **Judges:** MANNI SANKARIAH…; BINOD KUMAR…
- **Appellants:** Sanjay…
- **Respondents:** Smartering…; Rishipreet Singh…

## Timeline

- **2023-05-06 — Transaction Audit…**: Date of the Transaction Audit Report…
- **2023-10-20 — Order Pron…**: Order pronounced by the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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