# In the matter of Laybond Constructions Pvt. Ltd. T.C.P. No. 201-(MAH)-2017

> NCLT judgment dated 2017-12-20. Citation: TCN-2017-NCLT-00023. The case pertains to a transferred petition to the National Company Law Tribunal (NCLT), Mumbai…

- **Court:** NCLT
- **Order date:** 20 Dec 2017
- **Citation:** TCN-2017-NCLT-00023
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/laybond-constructions-pvt-ltd-tcp-no-201-mah-2017-a8f5c075

## Summary

### Background

The case pertains to a transferred petition to the National Company Law Tribunal (NCLT), Mumbai Bench. The petition was initially filed in the High Court and subsequently transferred to the NCLT. The order sheet reflects the attendance and proceedings of the hearing held on December 20, 2017.

## Facts

The case involves Sika India Pvt. Ltd. versus Laybond Constructions Pvt. Ltd. The petition was transferred from the High Court to the National Company Law Tribunal (NCLT), Mumbai Bench. During the hearing on December 20, 2017, the learned representative stated that the requisite compliances as per Notification dated 29.06.2017 could not be met. Consequently, the petition was disposed of as 'abated', but the petitioner was granted liberty to file a fresh application/petition.

## Issues and analysis

### Issue 1: Whether the petition should be disposed of due to non-compliance with the notification dated …

**Ratio:** A petition can be disposed of if the necessary compliances as per the applicable

…

**Reasoning:** The learned representative stated that the requisite compliances as per Notification

…

**Interpretation:** This implies that fulfilling the requirements of the specified notification is

…

**Application:** Since the compliances were not met, the NCLT disposed of the petition as

…

## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Respondents:** Laybond Constructi…; Abhishek…

## Timeline

- **2017-12-20 — Hearing…**: Hearing of the Mumbai Bench of the…
- **2017-06-29 — Notificatio…**: Date of the notification [F. No.1/5/2016-CL-V] GSR 732(E) for which compliances were not…

---

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/laybond-constructions-pvt-ltd-tcp-no-201-mah-2017-a8f5c075