# In the matter of Automotive Coaches and Components Ltd. MA-905-2019 in IBA-660-2019

> NCLT judgment dated 2019-08-30. Citation: TCN-2019-NCLT-01667. The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of…

- **Court:** NCLT
- **Order date:** 30 Aug 2019
- **Citation:** TCN-2019-NCLT-01667
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/automotive-coaches-and-components-ltd-ma-905-2019-in-iba-660-2019-f8d67907

## Summary

### Background

The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of insolvency proceedings (IBA/660/2019) initiated by a Nationalised Bank under the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor sought a mediator based on the Companies (Mediation & Conciliation) Rules 2016.

## Facts

A Nationalised Bank initiated insolvency proceedings (IBA/660/2019) against a Corporate Debtor. The Corporate Debtor then filed an application (MA/905/2019) seeking a mediator, citing the Companies (Mediation & Conciliation) Rules 2016. The court questioned the applicability of these rules to IBC proceedings. The applicant's counsel could not provide any provision under the IBC that would allow for the application of the Companies (Mediation & Conciliation) Rules 2016 to the insolvency proceedings. This lack of legal basis led the court to dismiss the application.

## Issues and analysis

### Issue 1: Whether the Companies (Mediation & Conciliation) Rules 2016 are applicable to proceedings under …

**Ratio:** The Companies (Mediation & Conciliation) Rules 2016 are not applicable to proceedings

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**Reasoning:** The court reasoned that the applicant's counsel failed to demonstrate any provision

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**Interpretation:** The interpretation is that the IBC is a self-contained code, and unless it

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**Application:** In this specific case, because the applicant could not point to any section or

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## Parties

- **Judges:** B.S.V. Prakash…; SHRI.S.VIJAYARAGHA…
- **Respondents:** AUTOMOTIVE…; Bank of Maharashtr…

## Timeline

- **2019-08-30 — Hearing…**: Hearing held at Chennai Bench of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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