# In the matter of Ansal API Infrastructure Ltd. (IB)-1641(PB)-2018

> NCLT judgment dated 2019-01-03. Citation: TCN-2019-NCLT-05329. The case involves an application/petition by Corporation Bank against Ansal API Infrastructure…

- **Court:** NCLT
- **Order date:** 3 Jan 2019
- **Citation:** TCN-2019-NCLT-05329
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ansal-api-infrastructure-ltd-ib-1641pb-2018-0eaf4720

## Summary

### Background

The case involves an application/petition by Corporation Bank against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The court had previously granted ten days to file a reply, but no reply was filed even after 32 days.

## Facts

Corporation Bank filed an application/petition against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. On 2018-11-29, the court granted ten days to Ansal API Infrastructure Ltd. to file a reply. However, more than 32 days passed without a reply being filed. The court, emphasizing the time-bound nature of the IBC process, granted one final week to file a reply, subject to payment of Rs. 10,000 as cost to Corporation Bank. The reply must be furnished to the petitioner within two days in advance. The case was listed for arguments on 2019-01-25.

## Issues and analysis

### Issue 1: Whether the respondent should be granted further time to file a reply despite the initial deadline …

**Ratio:** The court has the discretion to grant further time, but it must balance the need for a

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**Reasoning:** The court acknowledges the delay but also considers the insistence of the counsel. The

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**Interpretation:** The IBC emphasizes timely resolution of insolvency matters. While the court can

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**Application:** The court, in this case, grants a final extension of one week, but imposes

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Corporatio…
- **Respondents:** Ansal API…

## Timeline

- **2018-11-29 — Initial Deadline for…**: The court granted ten days to…
- **N/A — Reply Deadlin…**: More than 32 days passed without…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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