# In the matter of Ramco Systems Ltd. Vs. Spicejet Ltd. CA (AT) (Insolvency) No. 31-2018 (Interim Order)

> NCLAT judgment dated 2018-02-27. Citation: TCN-2018-NCLAT-00367. The case involves an appeal against the rejection of an application under Section 9 of the…

- **Court:** NCLAT
- **Order date:** 27 Feb 2018
- **Citation:** TCN-2018-NCLAT-00367
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/ramco-systems-ltd-vs-spicejet-ltd-ca-aad2973d

## Summary

### Background

The case involves an appeal against the rejection of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) by the Adjudicating Authority (National Company Law Tribunal). The application was rejected on three grounds: lack of proper authorization for the notice under Section 8(1) of the I&B Code, lack of proper authorization for Form 5, and the existence of a dispute.

## Facts

Ramco Systems Ltd. filed an appeal against Spicejet Ltd. after the Adjudicating Authority (National Company Law Tribunal) rejected their application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The rejection was based on three grounds: the notice under Section 8(1) of the I&B Code lacked proper authorization, Form 5 lacked proper authorization, and the existence of a dispute. The appellant's counsel argued that an authority letter is not mandatory and relied on a Supreme Court decision to support this claim. The appellant also presented documents to suggest the existence of a debt and the respondent's default in payment. The relevance of these facts lies in determining whether the Adjudicating Authority's rejection was justified and whether the

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## Issues and analysis

### Issue 1: Whether the Adjudicating Authority was correct in rejecting the application under Section 9 of the …

**Ratio:** The ratio is based on the interpretation of Section 9 of the Insolvency and Bankruptcy

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**Reasoning:** The court will need to determine if the reasons for rejection by the Adjudicating

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**Interpretation:** The interpretation involves understanding the scope and applicability of

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**Application:** The ratio and reasoning will be applied to the specific facts of the case,

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Ramco Syste…
- **Respondents:** Spicejet…
- **Advocates:** Neeraj Ma…; Raj Dev…; +5 more

## Timeline

- **2016-01-01 — Enactment of Insolvency…**: The Insolvency and…
- **2018-02-27 — Appellant's Su…**: Learned counsel for the Appellant submits that the Adjudicating Authority (National…

## 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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