# In the matter of RDH Technologies Private Limited IA(IB) 472-KB-2022 in CP(IB)1671-KB-2018

> NCLT judgment dated 2022-05-25. Citation: TCN-2022-NCLT-04764. The Liquidator filed an application seeking leave from the Adjudicating Authority to challenge…

- **Court:** NCLT
- **Order date:** 25 May 2022
- **Citation:** TCN-2022-NCLT-04764
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/rdh-technologies-private-limited-iaib-472-kb-2022-in-cpib1671-kb-2018-02989e45

## Summary

### Background

The Liquidator filed an application seeking leave from the Adjudicating Authority to challenge an impugned arbitration award dated 13.06.2019 under section 34 of the Arbitration and Conciliation Act, 1996, as per the proviso to section 33(5) of the IBC.

## Facts

The Liquidator filed an application seeking leave to challenge an arbitration award.

The arbitration award was dated 13.06.2019.

The Liquidator learned about the award when a claim was lodged.

The Liquidator consulted with legal counsel and believes there are grounds to challenge the award.

The normal time for challenging the award has expired.

The Liquidator seeks recourse under the Suo Moto Writ proceedings being SMW (C) No. 3 of 2020.

The court granted leave to the Liquidator to file applications/petitions under section 34 of the Arbitration and Conciliation Act, 1996.

## Issues and analysis

### Issue 1: Whether the Liquidator should be granted leave to file an application/petition challenging the …

**Ratio:** The court has the discretion to grant leave to the Liquidator to file appropriate

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**Reasoning:** The court considered the Liquidator's argument regarding the discovery of the arbitral

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**Interpretation:** The court interpreted the provisions of section 33(5) of the IBC and section 34

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**Application:** The court applied the principles of fairness and equity in granting leave to

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## Parties

- **Judges:** Rajasekha…; Balraj…
- **Appellants:** Oriental Bank of…
- **Respondents:** RDH Technologies…
- **Other parties:** Umesh P…
- **Advocates:** Urmila Chak…; Nimisha A…

## Timeline

- **2019-06-13 — Arbitration Aw…**: Date of the impugned…
- **2022-01-10 — Suo Moto Writ O…**: Date of the Suo Moto Writ order…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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