# 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-04743. 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-04743
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/maa-mangla-ispat-pvt-ltd-cpibno-1683-kb-2018-b7ad99b5

## 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 involves Sanjeev Kumar Kapoor as the applicant and Maa Mangla Ispat Pvt. Ltd. The hearing was held on February 19, 2019. The counsel for the operational creditor was present and endorsed the application as 'not pressed'. As a result, the C.P. was dismissed. The case is filed under Section 9 of the IBC (Insolvency and Bankruptcy Code).

## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of the IBC should be dismissed given that the …

**Ratio:** When an applicant indicates they are not pressing an application, the court typically

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**Reasoning:** The court's reasoning is based on the endorsement by the operational creditor's counsel

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**Interpretation:** The phrase 'not pressed' is interpreted as a formal indication that the

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**Application:** In this case, the operational creditor's counsel's endorsement directly led to

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## Parties

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

## Timeline

- **2019-02-19 — Hearing…**: Hearing held on February…
- **2019-02-19 — Application 'Not…**: Counsel for the Operational Creditor…

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