# In the matter of A. Power Himalayas Ltd. CP (IB) No. 75-Chd-HP-2017

> NCLT judgment dated 2018-07-23. Citation: TCN-2018-NCLT-01093. The case pertains to CP (IB) No. 75/Chd/HP/2017 before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 23 Jul 2018
- **Citation:** TCN-2018-NCLT-01093
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/a-power-himalayas-ltd-cp-ib-no-75-chd-hp-2017-302a7a94

## Summary

### Background

The case pertains to CP (IB) No. 75/Chd/HP/2017 before the National Company Law Tribunal (NCLT), Chandigarh Bench. The order dated 05.07.2018 passed by the National Company Law Appellate Tribunal (NCLAT), New Delhi, was received. The order passed by the NCLT on 20.04.2018 was set aside.

## Facts

Punjab National Bank filed a petition against A.Power Himalayas Ltd. The National Company Law Appellate Tribunal (NCLAT) passed an order on 05.07.2018, which led to the National Company Law Tribunal (NCLT) setting aside its order dated 20.04.2018. The amended resolution plan of the successful resolution applicant has been approved. The implementation of the resolution plan is to follow, and the proceedings before the NCLT are closed.

## Issues and analysis

### Issue 1: Whether the amended resolution plan should be approved following the order of the National Company …

**Ratio:** The ratio is based on the appellate tribunal's order superseding the original tribunal's

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**Reasoning:** The court reasoned that the order from the appellate tribunal (NCLAT) holds precedence,

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**Interpretation:** The interpretation is that appellate orders have the power to reverse or modify

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**Application:** The NCLAT's order dated 05.07.2018 was applied to set aside the NCLT's order

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## Parties

- **Judges:** R.P.Nag…; Pradeep R.…
- **Appellants:** Punjab National…
- **Respondents:** A. Power Himalayas…

## Timeline

- **2018-04-20 — Previous Tribu…**: The Tribunal passed an order…
- **2018-07-05 — NCLAT Or…**: The National Company Law Appellate…

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