Connected insolvency matters may be heard together to avoid inconsistent orders and support efficient liquidation proceedings.

Related insolvency and liquidation matters involving group companies with common management and interconnected transactions may be tagged and heard together before the same Bench to avoid conflicting orders and promote efficient resolution under the Insolvency and Bankruptcy Code, 2016. The Tribunal allowed transfer and tagging of the connected matters for coordinated hearing, and declined a further request to postpone the hearing because prior opportunities had already been granted and no sufficient basis for deferral was shown.

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Issues: (i) Whether the related insolvency and liquidation matters concerning the group companies should be placed before the same Bench and heard together. (ii) Whether the request to postpone the hearing should be granted.

Issue (i): Whether the related insolvency and liquidation matters concerning the group companies should be placed before the same Bench and heard together.

Analysis: The application invoked the Tribunal's procedural powers and its jurisdiction under the Insolvency and Bankruptcy Code, 2016, seeking tagging of connected matters involving group companies with common management and related transactions. The purpose was to avoid conflicting orders and to facilitate expeditious conduct of the liquidation process by having the matters adjudicated together before the same Bench.

Conclusion: The request for transfer and tagging of the related matters was allowed.

Issue (ii): Whether the request to postpone the hearing should be granted.

Analysis: The Tribunal noted that several opportunities had already been afforded and found no sufficient basis to defer the matter further.

Conclusion: The request to postpone the hearing was declined.

Final Conclusion: The connected insolvency matters were directed to proceed before the same Bench, and the application succeeded while the request for postponement was refused.

Ratio Decidendi: Where related insolvency matters involve common management and interconnected transactions, the Tribunal may use its procedural powers to hear them together to prevent inconsistent orders and promote efficient resolution.

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