# In the matter of Hotel Gaudavan Pvt. Ltd. (HGPL)

> NCLT judgment dated 2017-08-16. Citation: TCN-2017-NCLT-00619. The case involves Hotel Gaudavan Pvt. Ltd. (HGPL) as the petitioner. The application was filed…

- **Court:** NCLT
- **Order date:** 16 Aug 2017
- **Citation:** TCN-2017-NCLT-00619
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/hotel-gaudavan-pvt-ltd-hgpl-8450dad0

## Summary

### Background

The case involves Hotel Gaudavan Pvt. Ltd. (HGPL) as the petitioner. The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. Arguments in the application have been heard.

## Facts

Hotel Gaudavan Pvt. Ltd. (HGPL) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court heard the arguments and dismissed the application with costs. Shri Harendra Singh Rathore, the applicant, is ordered to pay Rs. 2 lacs from his personal account as costs. The costs are unconnected with the accounts of Hotel Gaudavan Private Limited. C.A. No. 222/2017 & C.A. No. 183/2017 are scheduled for consideration on 2017-08-29.

## Issues and analysis

### Issue 1: Whether the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 should be …

**Ratio:** The court has the discretion to admit or reject an application under Section 7 of the

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**Reasoning:** The court dismissed the application, indicating that it found insufficient grounds or

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**Interpretation:** Section 7 of the Insolvency and Bankruptcy Code, 2016 allows a financial

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**Application:** In this case, the court was not satisfied that the application met the

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## Parties

- **Judges:** M. M. K…; R. VARADH…
- **Respondents:** Hotel Gaudavan…; Milind…
- **Advocates:** K. Da…; Ashu Ka…; +4 more

## Timeline

- **2017-08-16 — Order Del…**: Order delivered on 16.08.2017…
- **2017-08-29 — Next Considera…**: C.A. No. 222/2017 & C.A. No. 183/2017 to…

## 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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