# In the matter of Warasgaon Asset Maintenance Ltd.

> NCLT judgment dated 2024-01-24. Citation: TCN-2024-NCLT-02931. The case involves a hearing before the Mumbai bench of the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 24 Jan 2024
- **Citation:** TCN-2024-NCLT-02931
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/warasgaon-asset-maintenance-ltd-91a82918

## Summary

### Background

The case involves a hearing before the Mumbai bench of the National Company Law Tribunal (NCLT). The Tribunal had previously directed the Resolution Professional (RP) to appear before the bench. The RP's failure to appear has led to the Tribunal considering disciplinary proceedings against the RP, to be intimated to IBBI.

## Facts

The case involves Raj Infrastructure Development (India) Pvt Ltd. versus Warasagaon Assets Maintenance Ltd. The hearing is conducted through VC and Physical (Hybrid Mode). The Tribunal had directed the RP to appear before the Bench. The RP failed to appear despite the direction. The Tribunal is considering disciplinary proceedings against the RP and will intimate IBBI. One last and final opportunity is given to the RP, Mr. Ashish Lal, to appear before the Tribunal. The registry is directed to communicate the order to the RP. The case is listed on 01.03.2024. The order refers to a previous order dated 24.01.2023.

## Issues and analysis

### Issue 1: Whether the Resolution Professional (RP) should be subjected to disciplinary proceedings for …

**Ratio:** The ratio is based on the principle that officers of the court, including Resolution

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**Reasoning:** The Tribunal reasoned that the RP's failure to appear despite a previous order undermines

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**Interpretation:** This issue involves the interpretation of the powers and responsibilities of

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**Application:** The ratio and reasoning are applied to the specific facts of the case, where

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## Parties

- **Judges:** LAKSHMI G…; Charanjeet Singh…
- **Appellants:** Raj Infrastructure…
- **Respondents:** Warasagaon Assets…

## Timeline

- **2023-01-24 — Previous…**: The Tribunal had directed the RP…
- **2024-01-24 — Current…**: The Tribunal gives one last and final opportunity to the RP, Mr. Ashish Lal, to appear…

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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/warasgaon-asset-maintenance-ltd-91a82918