# In the matter of Marg Ltd. IBA-358-2019

> NCLT judgment dated 2021-02-18. Citation: TCN-2021-NCLT-03006. The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The hearing…

- **Court:** NCLT
- **Order date:** 18 Feb 2021
- **Citation:** TCN-2021-NCLT-03006
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/marg-ltd-iba-358-2019-95d09b34

## Summary

### Background

The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The hearing was held on February 18, 2021, via video conferencing. The petitioner was absent during the hearing.

## Facts

The hearing for IBA/358/2020 was held on February 18, 2021. The petitioner, Raj Trading Company, was not present. Mr. Ramana Kumar, the advocate for the corporate debtor, Marg Ltd, was present via video conferencing. The petition was dismissed due to the petitioner's absence.

## Issues and analysis

### Issue 1: Whether the petition should be dismissed due to the …

**Ratio:** A petition can be dismissed for non-prosecution if the petitioner is absent during the

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**Reasoning:** The court reasoned that the absence of the petitioner indicates a lack of interest in

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**Interpretation:** This interpretation emphasizes the importance of the petitioner's presence and

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**Application:** Since Raj Trading Company, the petitioner, was absent, and the advocate for the

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## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** Raj Trading…
- **Respondents:** Marg…

## Timeline

- **2021-02-18 — Hearing…**: Hearing held on February 18, 2021,…
- **2021-02-18 — Petition Di…**: The petition was dismissed for…

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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/marg-ltd-iba-358-2019-95d09b34