# in the matter of Madhya Pradesh Power Management Company Ltd. CP (IB) No.49-9-NCLT-AHM-2019

> NCLT judgment dated 2019-05-02. Citation: TCN-2019-NCLT-03545. This is a case before the Adjudicating Authority, National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 2 May 2019
- **Citation:** TCN-2019-NCLT-03545
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/madhya-pradesh-power-management-company-ltd-cp-ib-no49-9-nclt-ahm-2019-5b46a185

## Summary

### Background

This is a case before the Adjudicating Authority, National Company Law Tribunal (NCLT), Ahmedabad Bench, Ahmedabad. The case pertains to C.P. (I.B) No. 49/9/NCLT/AHM/2019. The hearing was held on May 2, 2019. Ansaldo Energia S.P.A. & Anr. is the applicant, and Madhya Pradesh Power Management Company Ltd. is the respondent. The application is filed under Section 9 of the Insolvency and Bankruptcy Code.

## Facts

Ansaldo Energia S.P.A. & Anr. filed an application against Madhya Pradesh Power Management Company Ltd. under Section 9 of the Insolvency and Bankruptcy Code. Ravi Sharma, an advocate, represented Madhya Pradesh Power Management Company Ltd. (Respondent). Mihir J. Thakore, Nahush Shah, Salil M. Thakore, and Yashesh Kamdar represented the petitioner. The matter was listed before the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on May 2, 2019. Due to a lack of time, the matter could not be taken up, and it was relisted for June 27, 2019. The parties were directed to complete their pleadings.

## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of the …

**Ratio:** The maintainability of the application depends on whether the operational debt exists and

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**Reasoning:** The court did not address the issue of maintainability due to a lack of time. The court

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**Interpretation:** Section 9 of the Insolvency and Bankruptcy Code allows an operational creditor

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**Application:** The court will need to determine if Ansaldo Energia S.P.A. & Anr. is an

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Ansaldo Energia…
- **Respondents:** Madhya Pradesh…

## Timeline

- **2019-05-02 — Hearing…**: Hearing of Ahmedabad Bench of the…
- **2019-06-27 — Next Hearin…**: Matter listed for…

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