# In the matter of Earth Gracia Buildcon Pvt. Ltd. (IB)-448(PB)-2017

> NCLT judgment dated 2019-02-08. Citation: TCN-2019-NCLT-04928. The case involves an application/petition filed by Rajendra Kumar Saxena against Earth Gracia…

- **Court:** NCLT
- **Order date:** 8 Feb 2019
- **Citation:** TCN-2019-NCLT-04928
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/earth-gracia-buildcon-pvt-ltd-ib-448pb-2017-0673210d

## Summary

### Background

The case involves an application/petition filed by Rajendra Kumar Saxena against Earth Gracia Buildcon Pvt. Ltd. The order pertains to Section 7 of the Insolvency & Bankruptcy Code, CIRP. The ROC's reply dated 06.12.2018 stated that Earth Gracia Buildcon Pvt. Ltd. is restored, and the order striking off the company's name is rescinded.

## Facts

Rajendra Kumar Saxena filed an application/petition against Earth Gracia Buildcon Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, CIRP. The ROC (Registrar of Companies) responded on 06.12.2018, stating that Earth Gracia Buildcon Pvt. Ltd. had been restored, and the order striking off the company's name was rescinded. Consequently, CA-121(PB)/2019 was rendered infructuous.

## Issues and analysis

### Issue 1: Whether CA-121(PB)/2019 has become infructuous due to the restoration of Earth Gracia Buildcon Pvt. …

**Ratio:** When the basis for a legal action ceases to exist, the action becomes infructuous and is

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**Reasoning:** The court reasoned that since the ROC restored Earth Gracia Buildcon Pvt. Ltd., the order

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**Interpretation:** The interpretation is that if the underlying circumstances that led to a legal

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**Application:** In this case, the ROC's restoration of Earth Gracia Buildcon Pvt. Ltd. directly

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## Parties

- **Judges:** M. M. K…; Pradeep R.…
- **Appellants:** Rajendra Kumar…
- **Respondents:** Earth Gracia…
- **Advocates:** Ajay Kuma…; Sourit…; +1 more

## Timeline

- **2018-12-06 — ROC Repl…**: The ROC stated that Earth Gracia Buildcon Pvt. Ltd. is restored and the order striking of…
- **2019-02-08 — Order Del…**: CA-121(PB)/2019 stands…

## 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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