# In the matter of State Bank of India Vs. Jatinder Singh, CP (IB) No. 250/Chd/CHD/2021

> NCLT judgment dated 2022-03-21. Citation: TCN-2022-NCLT-03648. The case pertains to CP (IB) No. 205/Chd/CHD/2021 filed under Section 95 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 21 Mar 2022
- **Citation:** TCN-2022-NCLT-03648
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-jatinder-singh-cp-049b3ac2

## Summary

### Background

The case pertains to CP (IB) No. 205/Chd/CHD/2021 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter involves State Bank of India as the petitioner and Jatinder Singh as the respondent-personal guarantor. The case is being conducted through web-based video conferencing.

## Facts

State Bank of India filed a case (CP (IB) No. 205/Chd/CHD/2021) against Jatinder Singh, who is the respondent-personal guarantor, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The Registry verified the credentials of Mr. Anup Sood, the proposed Resolution Professional (RP), and found no adverse remarks. Consequently, Mr. Anup Sood was appointed as the RP. The respondent's counsel, Mr. Viren Sibal, is required to file a Power of Attorney and a response to the application. The case is scheduled to be listed on 26.05.2022.

## Issues and analysis

### Issue 1: Whether Mr. Anup Sood should be appointed as the …

**Ratio:** The court can appoint a Resolution Professional (RP) if their credentials have been

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**Reasoning:** The Registry's report confirmed that Mr. Anup Sood's antecedents/credentials were

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**Interpretation:** The verification process ensures that the appointed RP is qualified and

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**Application:** Since the Registry's report was favorable, the court applied the ratio and

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## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Appellants:** State Bank of…
- **Respondents:** Jatinder…
- **Advocates:** Harsh…; Pulkit…; +1 more

## Timeline

- **N/A — Case Fil…**: CP (IB) No. 205/Chd/CHD/2021 filed under Section 95 of the Insolvency and Bankruptcy…
- **N/A — Registry…**: The Registry submitted a report verifying 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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