# In the matter of Neelkamal Realtors and Builders Private Limited TCP 117-I&BP-NCLT-MB-MAH-2017

> NCLT judgment dated 2017-08-18. Citation: TCN-2017-NCLT-00571. The case pertains to a company petition, TCP 117/I&BP/NCLT/MB/MAH/2017, before the National…

- **Court:** NCLT
- **Order date:** 18 Aug 2017
- **Citation:** TCN-2017-NCLT-00571
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/neelkamal-realtors-and-builders-private-limited-tcp-117-ibp-nclt-mb-mah-2017-96c0281e

## Summary

### Background

The case pertains to a company petition, TCP 117/I&BP/NCLT/MB/MAH/2017, before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter involves the Insolvency & Bankruptcy Code 2016. The case was transferred from the Hon'ble High Court of Bombay and relates to provisions under the Companies Act, 1956. The matter was previously listed on 03.04.2017 and adjourned to 28.04.2017.

## Facts

The case is a company petition (TCP 117/I&BP/NCLT/MB/MAH/2017) filed before the NCLT Mumbai. The matter was transferred from the Bombay High Court and concerns provisions of the Companies Act, 1956. The case was previously listed on 03.04.2017 and then adjourned to 28.04.2017. The petitioner/creditor was absent during the proceedings. The court highlighted the procedure for intimation, which includes uploading the cause list on the NCLT website, displaying hearing directions, and indicating the status of the cause list with the next hearing date. Despite multiple opportunities, the petitioner did not appear to be serious in pursuing the petition. A notification dated 29.06.2017 allows parties to file fresh applications under sections 7, 8, or 9 of the Insolvency

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## Issues and analysis

### Issue 1: Whether the petition should be rejected due to the petitioner's lack of seriousness in pursuing the …

**Ratio:** A petition can be rejected if the petitioner fails to prosecute the matter diligently,

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**Reasoning:** The court observed that the petitioner was given numerous opportunities to appear and

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**Interpretation:** This interprets the court's inherent power to dismiss cases where the

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**Application:** Given the petitioner's repeated absence and lack of engagement, the court

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## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Respondents:** NEELKAMAL…; M/s. MOHD. NADIR…

## Timeline

- **1956-01-01 — Companies Ac…**: Reference to provisions of 433(e) 433(f), 434(1)(a) and 434(1)(c) of the Companies Act,…
- **2017-04-03 — Previous L…**: The matter was earlier…

## 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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