# In the matter of Jaypee Infratech Ltd. (IB)-77-ALD-2017

> NCLT judgment dated 2023-06-15. Citation: TCN-2023-NCLT-05448. The case pertains to an insolvency resolution process under Section 7 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 15 Jun 2023
- **Citation:** TCN-2023-NCLT-05448
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/jaypee-infratech-ltd-ib-77-ald-2017-9474129b

## Summary

### Background

The case pertains to an insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Jaypee Infratech Ltd.

## Facts

IDBI Bank filed a petition/application against Jaypee Infratech Ltd.

The case is under Section 7 of the Insolvency and Bankruptcy Code (IBC).

The 1st Progress Report was filed by the Resolution Professional and taken on record subject to just exceptions.

The 2nd Progress Report was filed by the Resolution Professional and taken on record subject to just exceptions.

The registry is directed to put the reports before the Bench at the time of final disposal.

IA-2438/2023 stands disposed of.

IA-3232/2023 stands disposed of.

## Issues and analysis

### Issue 1: Whether the progress reports filed by the …

**Ratio:** The court has the power to oversee the insolvency resolution process and take reports on

…

**Reasoning:** Taking the reports on record allows the court to monitor the progress of the resolution

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**Interpretation:** The court's action indicates its

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**Application:** The progress reports are taken on

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## Parties

- **Judges:** Ramalingam…; AVINASH K.…
- **Appellants:** IDBI…
- **Respondents:** Jaypee Infratech…
- **Advocates:** Sanjay…; Ruchi G…; +1 more

## Timeline

- **2023-06-15 — Order Del…**: Order delivered on 15.06.2023 regarding the progress reports filed by the Resolution…

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