# In the matter of Ansal Township Infrastructure Ltd. (IB)-756(ND)-2019

> NCLT judgment dated 2019-04-29. Citation: TCN-2019-NCLT-03657. The case involves M/s. Yogesh Gupta & Another V/s. M/s. Ansal Townships Infrastructure Ltd.…

- **Court:** NCLT
- **Order date:** 29 Apr 2019
- **Citation:** TCN-2019-NCLT-03657
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ansal-township-infrastructure-ltd-ib-756nd-2019-5ea4fe73

## Summary

### Background

The case involves M/s. Yogesh Gupta & Another V/s. M/s. Ansal Townships Infrastructure Ltd. before the New Delhi Bench of the National Company Law Tribunal (NCLT). The matter pertains to Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The counsel for the Corporate Debtor informed the court that their Writ Petition 540/2019 is pending consideration before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT.

## Facts

The case involves M/s. Yogesh Gupta & Another as the petitioner against M/s. Ansal Townships Infrastructure Ltd. as the respondent. The Corporate Debtor's counsel submitted that Writ Petition 540/2019 is pending before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT. This stay order is a crucial fact, as it directly impacts the proceedings before the NCLT. The case was related to Section 7 of the IBC, 2016.

## Issues and analysis

### Issue 1: Whether the proceedings before the NCLT should be adjourned in light of the pending Writ Petition …

**Ratio:** When a higher court has granted a stay order against proceedings in a lower court, the

…

**Reasoning:** The court reasoned that continuing the proceedings despite the stay order from the Apex

…

**Interpretation:** The interpretation of the stay order is that it temporarily halts all further

…

**Application:** The court applied this ratio by adjourning the case Sine-die, acknowledging the

…

## Parties

- **Judges:** V.K. SUB…; Ina Mal…
- **Appellants:** M/s. Yogesh Gupta…
- **Respondents:** M/s. Ansal…

## Timeline

- **2019-04-29 — Hearing…**: Hearing before the New Delhi Bench of…

## 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)

---

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/nclt-chandigarh/ansal-township-infrastructure-ltd-ib-756nd-2019-5ea4fe73