# In the matter of Hyderabad Ring Road Project Pvt. Ltd. (IB)-1152(PB)-2018

> NCLT judgment dated 2019-04-25. Citation: TCN-2019-NCLT-03702. The case involves an application before the National Company Law Tribunal (NCLT), New Delhi,…

- **Court:** NCLT
- **Order date:** 25 Apr 2019
- **Citation:** TCN-2019-NCLT-03702
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/hyderabad-ring-road-project-pvt-ltd-ib-1152pb-2018-d83f9287

## Summary

### Background

The case involves an application before the National Company Law Tribunal (NCLT), New Delhi, Principal Bench. ICICI Bank Ltd. is the applicant/petitioner, and Hyderabad Ring Road Project Pvt. Ltd. is the respondent. The matter is under Section 7 of an unspecified act. The application was heard by Chief Justice (Rtd.) M. M. Kumar and Hon'ble Member (Technical) S. K. Mohapatra.

## Facts

ICICI Bank Ltd. filed an application against Hyderabad Ring Road Project Pvt. Ltd. under Section 7. The application was heard by the NCLT, New Delhi. The court found the application to be wholly misconceived and dismissed it. The orders had already been reserved and were likely to be pronounced. The court also noted that there may not be a common Resolution Professional for a holding company and its subsidiary. The date of the order is 25.04.2019.

## Issues and analysis

### Issue 1: Whether the application filed by ICICI Bank Ltd. against Hyderabad Ring Road Project Pvt. Ltd. is …

**Ratio:** An application that is wholly

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**Reasoning:** The court found the application to be wholly misconceived, suggesting it lacked merit or

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**Interpretation:** The term 'wholly misconceived' implies a fundamental flaw in the application,

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**Application:** Since the court deemed the application wholly misconceived, it was dismissed,

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** ICICI Ban…
- **Respondents:** Hyderabad Ring…
- **Advocates:** Padmaja…; Yugank…; +3 more

## Timeline

- **2018-01-01 — Case Fil…**: Item No. 13 (IB)-1152(PB…
- **2019-04-25 — Order Del…**: The application was…

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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/hyderabad-ring-road-project-pvt-ltd-ib-1152pb-2018-d83f9287