# In the matter of State Bank of India vs. Govind Prasad Todi, IB/626/ND/2021

> NCLT judgment dated 2022-04-12. Citation: TCN-2022-NCLT-03276. The case pertains to an application filed by State Bank of India Creditor against Govind Prasad…

- **Court:** NCLT
- **Order date:** 12 Apr 2022
- **Citation:** TCN-2022-NCLT-03276
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-govind-prasad-todi-ib626nd2021-27db8ed7

## Summary

### Background

The case pertains to an application filed by State Bank of India Creditor against Govind Prasad Todi under Section 95 of the Insolvency and Bankruptcy Code (IBC). The order was delivered on April 12, 2022.

## Facts

State Bank of India Creditor filed an application against Govind Prasad Todi under Section 95 of the IBC. Mr. Umesh Chand Goyal, the RP, appeared in person and was directed to file a report and provide a copy to the respondent's counsel, Ms. Aditi Sharma, who also appeared. The matter was then scheduled for a further hearing on May 24, 2022. The key fact is the direction to the RP to file a report, indicating an ongoing assessment of the matter.

## Issues and analysis

### Issue 1: Whether the Resolution Professional should …

**Ratio:** The court has the power to direct the RP to file a report to facilitate the resolution

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**Reasoning:** The court directed the RP to file the report to gather necessary information and assess

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**Interpretation:** This is a standard procedural step in insolvency proceedings, allowing the

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**Application:** The RP, Mr. Umesh Chand Goyal, is required to file the report as directed by

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## Parties

- **Judges:** DHARMINDER…; SUMITA PURK…; +1 more
- **Appellants:** State Bank of…
- **Respondents:** Govind Pras…

## Timeline

- **2022-04-12 — Order Del…**: The order was delivered…
- **2022-05-24 — Next Hearin…**: The matter is fixed for the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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