# In the matter of SSB Structural & Galvanising Pvt. Ltd.

> NCLT judgment dated 2024-02-05. Citation: TCN-2024-NCLT-02773. The case pertains to a contempt application filed by the Interim Resolution Professional (IRP)…

- **Court:** NCLT
- **Order date:** 5 Feb 2024
- **Citation:** TCN-2024-NCLT-02773
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ssb-structural-galvanising-pvt-ltd-a4cb3171

## Summary

### Background

The case pertains to a contempt application filed by the Interim Resolution Professional (IRP) of SSB Structural and Galvanising Private Limited against Mr. Basanthlal Shah, the sole member of the Committee of Creditors (CoC), for wilful disobedience of an order dated 13.12.2022 passed in IA 325 of 2022 in CP(IB) No. 720/9/HDB/2019. The order directed the respondent to pay Rs. 14,40,000/- and Rs. 3,60,000/- towards expenses incurred by the applicant. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor was initiated on 28.07.2021, and the applicant was appointed as IRP on 27.08.2021. The IRP had collated claims and constituted the CoC.

## Facts

The Interim Resolution Professional (IRP) of SSB Structural and Galvanising Private Limited filed a contempt application against Mr. Basanthlal Shah, the sole member of the Committee of Creditors (CoC). The CIRP was initiated on 28.07.2021, with the applicant appointed as IRP on 27.08.2021. The IRP incurred expenses of Rs.3,60,000/- from 01.10.2021 to 24.10.2021, which was placed before the CoC in its first meeting on 30.10.2021. The respondent dissented and did not approve the expenses. The applicant then filed IA 325 of 2022, claiming Rs.3,60,000/- and a further Rs.14,40,000/- incurred from 01.10.2021 until the filing of the IA. IA 325 of 2022 was allowed on 13.12.2022, directing the CoC to pay the amount. The applicant informed the respondent of the order via email

…

## Issues and analysis

### Issue 1: Whether the respondent's failure to comply with the order dated 13.12.2022 passed in IA 325 of 2022 …

**Ratio:** Civil contempt is defined under Section 2(b) of the Contempt of Courts Act, 1971 as

…

**Reasoning:** The court relied on several precedents, including Anil Ratan Sarkar & Ors. versus

…

**Interpretation:** The interpretation of Section 2(b) requires that the disobedience must be

…

**Application:** In this case, the respondent was directed to pay certain expenses. The

…

## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Theegala Venkatesw…
- **Respondents:** SSB Structural &…; Mr.Basanthl…

## Timeline

- **2021-07-28 — CIRP Init…**: The Corporate Insolvency Resolution Process…
- **2021-08-27 — Appointment…**: The applicant was appointed as the…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ssb-structural-galvanising-pvt-ltd-a4cb3171
