# In the matter of Maa Mangla Ispat Pvt. Ltd. CP(IB)No. 1683-KB-2018

> NCLT judgment dated 2019-02-20. Citation: TCN-2019-NCLT-04752. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 20 Feb 2019
- **Citation:** TCN-2019-NCLT-04752
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/maa-mangla-ispat-pvt-ltd-cpibno-1683-kb-2018-950e964d

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Kolkata Bench, regarding CP(IB) No. 1683/KB/2018. The hearing took place on February 19, 2019, at 10:30 A.M. The case involves Sanjeev Kumar Kapoor versus Maa Mangla Ispat Pvt. Ltd.

## Facts

The case, CP(IB) No. 1683/KB/2018, was heard on February 19, 2019, at the NCLT Kolkata Bench. The case involves Sanjeev Kumar Kapoor as the operational creditor and Maa Mangla Ispat Pvt. Ltd. The counsel for the operational creditor was present and endorsed the application as 'not pressed', leading to the dismissal of the Company Petition (C.P.). The document also records the attendance of Saurav Jain and Pranay Agarwal, advocates, appearing on behalf of the operational creditor.

## Issues and analysis

### Issue 1: Whether the Company Petition should be dismissed given that the operational creditor's counsel …

**Ratio:** When an operational creditor indicates that they are not pressing an application, the

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**Reasoning:** The court's decision to dismiss the C.P. is based on the statement by the operational

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**Interpretation:** The phrase 'not pressed' is interpreted as a withdrawal of the application by

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**Application:** Since the operational creditor's counsel stated that the application was 'not

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## Parties

- **Judges:** Jinan…
- **Appellants:** Sanjeev Kumar…
- **Respondents:** Maa Mangla Ispat…

## Timeline

- **2018-01-01 — Case Fil…**: CP(IB) No. 1683/KB/2018…
- **2019-02-19 — Hearing…**: Hearing held on February…

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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/maa-mangla-ispat-pvt-ltd-cpibno-1683-kb-2018-950e964d