# In the matter of Sembmarine Kakinada Ltd
Through its liquidator
Vedagiri Venkata Krishnamurthy Vs.
Andhra Pradesh Maritime Board & Anr. Company Appeal (AT) (CH) (Ins) No.279 of 2022
&
I.A. No. 595,596 of 2022

> NCLAT judgment dated 2022-07-18. Citation: TCN-2022-NCLAT-00352. The case involves an appeal against an order dated 2022-07-04 passed by the Adjudicating…

- **Court:** NCLAT
- **Order date:** 18 Jul 2022
- **Citation:** TCN-2022-NCLAT-00352
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/sembmarine-kakinada-ltd-through-its-liquidator-vedagiri-venkata-krishnamurthy-vs-aae3ce56

## Summary

### Background

The case involves an appeal against an order dated 2022-07-04 passed by the Adjudicating Authority (National Company Law Tribunal, Amravati Bench). The order directed the liquidator to maintain the status quo on an application filed by Respondent No. 1, Andhra Pradesh Maritime Board. The appeal is Company Appeal (AT) (CH) (Ins) No.279 of 2022 along with I.A. No. 595,596 of 2022.

## Facts

Sembmarine Kakinada Ltd, through its liquidator Vedagiri Venkata Krishnamurthy, filed an appeal against Andhra Pradesh Maritime Board & Anr. The appeal contested an order dated 2022-07-04 passed by the Adjudicating Authority (National Company Law Tribunal, Amravati Bench), which ordered the liquidator to maintain the status quo based on an application filed by Andhra Pradesh Maritime Board (Respondent No. 1). The Adjudicating Authority was scheduled to consider the 'For stay' application on 2022-07-22. Counsels for both parties presented arguments regarding the appeal and the maintainability of the application. The court aimed to ensure a prompt decision on the application by the Adjudicating Authority.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority's order …

**Ratio:** The ratio is based on the principle of ensuring timely adjudication and preventing

…

**Reasoning:** The court reasoned that the best course of action was to direct the Adjudicating

…

**Interpretation:** The interpretation involves balancing the need to maintain the status quo with

…

**Application:** The court applied this reasoning by directing the Adjudicating Authority to

…

## Parties

- **Judges:** Rakesh Kuma…; KanthiNar…
- **Respondents:** Sembmarine…; Andhra Pradesh…

## Timeline

- **2022-07-04 — Impugned…**: The Adjudicating Authority (National Company Law Tribunal, Amravati Bench) passed an…
- **2022-07-18 — Appeal He…**: The appeal against the order of the…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/sembmarine-kakinada-ltd-through-its-liquidator-vedagiri-venkata-krishnamurthy-vs-aae3ce56