# In the matter of Metallica Industries Limited M.A 660 & 977-2018 In CP (IB)-1329-(MB)-2017

> NCLT judgment dated 2019-03-27. Citation: TCN-2019-NCLT-04314. The case pertains to CP (IB)-1329/(MB)/2017 before the National Company Law Tribunal, Mumbai…

- **Court:** NCLT
- **Order date:** 27 Mar 2019
- **Citation:** TCN-2019-NCLT-04314
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/metallica-industries-limited-ma-660-977-2018-in-cp-ib-1329-mb-2017-69255e17

## Summary

### Background

The case pertains to CP (IB)-1329/(MB)/2017 before the National Company Law Tribunal, Mumbai Bench. It involves M.A 977/2019 and M.A 660/2019. The order sheet is from the hearing on March 27, 2019.

## Facts

The case involves CP (IB)-1329/(MB)/2017 before the NCLT Mumbai Bench. State Bank of India is the applicant, and Metallica Industries Limited is the corporate debtor. M.A 977/2019 and M.A 660/2019 are also related to the case. The court heard partial arguments from the Resolution Applicant, Resolution Professional, and Objectors. The case is listed for further arguments on April 5, 2019. The application is under Section 7 of the Insolvency and Bankruptcy Code, 2016.

## Parties

- **Judges:** V. P. S…; RavikumarDu…
- **Appellants:** State Bank of…
- **Respondents:** Metallica…

## Timeline

- **2017-01-01 — Case Fil…**: CP (IB)-1329/(MB)/2017…
- **2019-03-27 — Hearing…**: Order sheet of the hearing of Mumbai Bench…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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