# In the matter of Aircel Ltd. MA 336-2018 In C.P.(IB)-298(MB)-2018

> NCLT judgment dated 2018-05-17. Citation: TCN-2018-NCLT-01396. The case pertains to C.P.(IB)-298(MB)/2018 and M.A. 336/2018 before the National Company Law…

- **Court:** NCLT
- **Order date:** 17 May 2018
- **Citation:** TCN-2018-NCLT-01396
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/aircel-ltd-ma-336-2018-in-cpib-298mb-2018-aeade05d

## Summary

### Background

The case pertains to C.P.(IB)-298(MB)/2018 and M.A. 336/2018 before the National Company Law Tribunal, Mumbai Bench. The hearing took place on 17.05.2018. The representatives of the Resolution Professional (RP) and the Government of India were present. The matter involves M.A. 336/2018 in CP No. 298/2018 and M.A. No. 337/2018 in CP No. 302/2018.

## Facts

The case involves Aircel Ltd and is being heard by the National Company Law Tribunal (NCLT), Mumbai Bench. The case numbers are C.P.(IB)-298(MB)/2018 and M.A. 336/2018. The hearing took place on 17.05.2018, with representatives from the Resolution Professional (RP) and the Government of India present. The court is also considering M.A. 336/2018 in CP No. 298/2018 and M.A. No. 337/2018 in CP No. 302/2018. The court has ordered that the status quo be maintained until the next hearing. The Government of India is required to file a counter reply to an application by 18.06.2018, with a copy to be served in advance, and a rejoinder can be filed by 28.06.2018. The matter is listed for further consideration on 02.07.2018. The case is under the I & B Code, 2016.

## Issues and analysis

### Issue 1: Whether the status quo should be …

**Ratio:** The principle of maintaining status quo is applied to preserve the existing situation and

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**Reasoning:** The court ordered the status quo to be maintained to ensure that the situation remains

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**Interpretation:** Maintaining status quo means that no party should take any action that alters

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**Application:** In this case, the status quo applies to the subject matter of M.A. 336/2018 in

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## Parties

- **Judges:** M.K. Sh…
- **Respondents:** Aircel…

## Timeline

- **2018-05-17 — Hearing…**: Hearing of Mumbai Bench of the…
- **2018-06-18 — Counter Reply…**: Government of India to file…

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