# In the matter of Lotus Poly-Packs (India) Pvt. Ltd. CP(IB) No. 330-9-HDB-2019

> NCLT judgment dated 2019-08-27. Citation: TCN-2019-NCLT-01742. The case pertains to a Company Petition/Application filed under CP(IB) No. 330/9/HDB/2019. The…

- **Court:** NCLT
- **Order date:** 27 Aug 2019
- **Citation:** TCN-2019-NCLT-01742
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lotus-poly-packs-india-pvt-ltd-cpib-no-330-9-hdb-2019-688658bc

## Summary

### Background

The case pertains to a Company Petition/Application filed under CP(IB) No. 330/9/HDB/2019. The petitioner is CYMK Inks And Coatings Pvt Ltd, and the respondent is Lotus Poly-Packs (India) Pvt Ltd. The petition is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

The Company Petition/Application CP(IB) No. 330/9/HDB/2019 was filed by CYMK Inks And Coatings Pvt Ltd against Lotus Poly-Packs (India) Pvt Ltd under Section 9 of the IBC. During the hearing, there was no representation on behalf of the petitioner, CYMK Inks And Coatings Pvt Ltd. Similarly, there was no representation on the last date of hearing either. The court noted the petitioner's apparent lack of interest in proceeding with the matter. As a result, the court dismissed the petition for default.

## Issues and analysis

### Issue 1: Whether the Company Petition/Application CP(IB) No. 330/9/HDB/2019 should be dismissed due to the …

**Ratio:** A petition can be dismissed for default if the petitioner fails to appear or show

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**Reasoning:** The court reasoned that the petitioner's absence from the hearing and the previous

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**Interpretation:** The interpretation is that consistent absence and lack of representation from

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**Application:** In this case, the petitioner, CYMK Inks And Coatings Pvt Ltd, was absent from

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## Parties

- **Judges:** K. Anantha…; BINOD KUMAR…
- **Appellants:** CYMK Inks And…
- **Respondents:** Lotus Poly-Packs…

## Timeline

- **2019-08-27 — Hearing…**: Hearing held on 27.08.2019 at 10.30 AM. No…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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