# In the matter of Marudhar Polycot (India) Pvt. Ltd. C.P. (IB) No. 320-7-NCLT-AHM-2019

> NCLT judgment dated 2019-07-16. Citation: TCN-2019-NCLT-02485. The case pertains to C.P. (I.B) No. 320 /7/NCLT/AHM/2019 before the Ahmedabad Bench of the…

- **Court:** NCLT
- **Order date:** 16 Jul 2019
- **Citation:** TCN-2019-NCLT-02485
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/marudhar-polycot-india-pvt-ltd-cp-ib-no-320-7-nclt-ahm-2019-58da376b

## Summary

### Background

The case pertains to C.P. (I.B) No. 320 /7/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The matter involves Mataji Dyeing Mills Pvt. Ltd. versus Marudhar Polycot (India) Pvt. Ltd. The case was listed for hearing, but none of the parties appeared.

## Facts

The case involves Mataji Dyeing Mills Pvt. Ltd. as the applicant and Marudhar Polycot (India) Pvt. Ltd. as the respondent. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code. On the hearing date of July 16, 2019, and previously on May 31, 2019, none of the parties appeared before the NCLT Ahmedabad Bench. Due to the continued absence of both parties, the NCLT dismissed the petition for non-prosecution. The key fact is the absence of both parties, leading to the dismissal.

## Issues and analysis

### Issue 1: Whether the petition should be dismissed for …

**Ratio:** A petition can be dismissed for non-prosecution if the parties fail to appear before the

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**Reasoning:** The court reasoned that since neither party appeared on the hearing date (July 16, 2019)

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**Interpretation:** The interpretation is that the absence of parties signifies a lack of intent to

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**Application:** In this specific case, the absence of both Mataji Dyeing Mills Pvt. Ltd. and

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## Parties

- **Judges:** Manorama…
- **Appellants:** Mataji Dyeing…
- **Respondents:** Marudhar Polycot…

## Timeline

- **2019-05-31 — Previous Hear…**: None of the parties…
- **2019-07-16 — Hearing…**: None of the parties…

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