# In the matter of Jyoti Limited C.P.(IB) No. 262-7-NCLT-AHM-

> NCLT judgment dated 2019-05-03. Citation: TCN-2019-NCLT-03490. The document is an attendance-cum-order sheet from the Ahmedabad bench of the National Company…

- **Court:** NCLT
- **Order date:** 3 May 2019
- **Citation:** TCN-2019-NCLT-03490
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/jyoti-limited-cpib-no-262-7-nclt-ahm-1738c25f

## Summary

### Background

The document is an attendance-cum-order sheet from the Ahmedabad bench of the National Company Law Tribunal (NCLT) regarding a hearing on May 3, 2019. The case pertains to C.P. (I.B) No. 262/7/NCLT/AHM/2018, involving State Bank of India versus Jyoti Limited. The matter concerns Section 7 of the Insolvency and Bankruptcy Code.

## Facts

The case involves State Bank of India as the applicant and Jyoti Limited as the respondent. The matter is related to Section 7 of the Insolvency and Bankruptcy Code. The hearing took place on May 3, 2019, before the Ahmedabad bench of the NCLT. Navin Pahwa and Ravi Pahwa represented the respondent. The matter was adjourned to the same date due to a previous order passed in Inv. P 79 of 2018, and it was listed for further hearing on July 3, 2019.

## Issues and analysis

### Issue 1: Whether the application under Section 7 of the …

**Ratio:** The maintainability of an application under Section 7 of the Insolvency and Bankruptcy

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**Reasoning:** The court needs to examine the evidence presented by the applicant to determine if a

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**Interpretation:** Section 7 of the Insolvency and Bankruptcy Code allows a financial creditor to

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**Application:** In this case, the court will need to assess whether State Bank of India has

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## Parties

- **Judges:** Harihar Prakash…
- **Appellants:** State Bank of…
- **Respondents:** Jyoti Li…

## Timeline

- **2018-01-01 — Order in In…**: Order passed in Inv. P 79 of 2018, which…
- **2019-05-03 — Hearing…**: Hearing of the case before the…

## 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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