# In the matter of Smash Entertainment Private Limited

> NCLT judgment dated 2023-11-22. Citation: TCN-2023-NCLT-00642. The document pertains to I.A No. 2328 of 2022 and I.A No. 2656 of 2022, both filed in CP (IB)…

- **Court:** NCLT
- **Order date:** 22 Nov 2023
- **Citation:** TCN-2023-NCLT-00642
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/smash-entertainment-private-limited-00e9acaa

## Summary

### Background

The document pertains to I.A No. 2328 of 2022 and I.A No. 2656 of 2022, both filed in CP (IB) 935 (MB)/C-III/2020 under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. Fun Gateway Arena Private Limited filed the applications seeking various reliefs related to the Insolvency Resolution Process of the Corporate Debtor. The Resolution Professional, Mr. Bhrungesh Amin, is the respondent.

## Facts

Fun Gateway Arena Private Limited filed I.A No. 2328 of 2022 and I.A No. 2656 of 2022 in CP (IB) 935 (MB)/C-III/2020. The applications were filed under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. Fun Gateway Arena Private Limited sought various reliefs, including a declaration of the validity of the Deed of Assignment of Brand Content dated 19 April 2022, directing the Respondent to amend the Subject EOI, and staying the Corporate Debtor's Corporate Insolvency Resolution Process and the Respondent's appointment as the Corporate Debtor's Resolution Professional. Mr. Bhrungesh Amin, the Resolution Professional of Smaaash Entertainment Pvt. Ltd., is the respondent. The RP had filed I.A. 2115 of 2022 challenging

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## Parties

- **Judges:** H.V. Subb…; Madhu S…
- **Appellants:** Fun Gateway Arena…
- **Respondents:** Bhrungesh…

## Timeline

- **2022-04-19 — Deed of Assignment of…**: Execution of the Deed of Assignment of Brand Content between the Applicant and the…
- **2022-01-01 — Filing of I.A No. 2328 of 2022 and I.A No. 2656…**: Fun Gateway Arena Private Limited filed I.A No. 2328 of 2022 and I.A No. 2656 of 2022 in…

## 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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