# In the matter of Grid Infra Tech Pvt. Ltd. Vs. Hythro Power Corporation ltd. Company Appeal (AT) (Insolvency) No. 33-2019

> NCLAT judgment dated 2019-02-22. Citation: TCN-2019-NCLAT-00766. The Appellant, M/s. Grid Infra Tech Pvt. Ltd., filed an application under Section 9 of the…

- **Court:** NCLAT
- **Order date:** 22 Feb 2019
- **Citation:** TCN-2019-NCLAT-00766
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/grid-infra-tech-pvt-ltd-vs-hythro-power-corporation-ltd-company-appeal-9d4a0dcc

## Summary

### Background

The Appellant, M/s. Grid Infra Tech Pvt. Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against M/s. Hythro Power Corporation Ltd., the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, adjourned the proceedings sine die, referring to an order passed by the Hon'ble Supreme Court.

## Facts

M/s. Grid Infra Tech Pvt. Ltd. (Appellant) initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Hythro Power Corporation Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority (National Company Law Tribunal) adjourned the proceedings sine die, citing an order from the Supreme Court. The Appellant appealed this decision. The Supreme Court had transferred several writ petitions related to the Reserve Bank of India's decision from various High Courts and directed the maintenance of status quo. The Corporate Debtor is to act as a developer for power projects in the private sector and to design, test and commission the electromechanical equipment and accessories of Hidel thermal power projects.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority was justified in adjourning the matter sine die without …

**Ratio:** An Adjudicating Authority should not adjourn a matter sine die without discussing the

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**Reasoning:** The Appellate Tribunal believed that the Adjudicating Authority should have addressed the

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**Interpretation:** This highlights the importance of lower courts considering the implications of

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**Application:** The Adjudicating Authority's decision to adjourn the matter sine die was deemed

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## Parties

- **Judges:** S.J. Mukhop…
- **Appellants:** M/s. Grid Infra…
- **Respondents:** M/s. Hythro Power…

## Timeline

- **2019-02-22 — Application…**: M/s. Grid Infra Tech Pvt. Ltd. filed an application under Section 9 of the Insolvency and…
- **2018-10-11 — Adjudicating Authority…**: The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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