# In the matter of Neelkamal Realtors and Builders Private Limited TCP 119-I&BP-NCLT-MB-MAH-2017

> NCLT judgment dated 2017-08-18. Citation: TCN-2017-NCLT-00578. The case pertains to a company petition filed under TCP 119/I&BP/NCLT/MB/MAH/2017 before the…

- **Court:** NCLT
- **Order date:** 18 Aug 2017
- **Citation:** TCN-2017-NCLT-00578
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/neelkamal-realtors-and-builders-private-limited-tcp-119-ibp-nclt-mb-mah-2017-9999b27d

## Summary

### Background

The case pertains to a company petition filed under TCP 119/I&BP/NCLT/MB/MAH/2017 before the National Company Law Tribunal, Mumbai Bench. The matter involves the Insolvency & Bankruptcy Code 2016. The case was transferred from the Hon'ble High Court of Bombay and concerns provisions of the Companies Act, 1956. The petitioner/creditor was absent despite multiple opportunities, leading to the matter being abated.

## Facts

The case was initiated as a company petition, TCP 119/I&BP/NCLT/MB/MAH/2017, before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter was transferred from the Hon'ble High Court of Bombay, relating to provisions under Section 433(e), 433(f), 434(1)(a) and 434(1)(c) of the Companies Act, 1956. The NCLT publicized the list of transferred cases to inform the concerned parties. The case was previously listed on 2017-04-03 and adjourned to 2017-04-28. The petitioner/creditor was absent despite multiple opportunities. The court's procedure for intimation involves uploading the cause list on the NCLT site, displaying hearing directions on the official site, and updating the cause list status with the next hearing date. Due to the petitioner's absence and

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## Issues and analysis

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

**Ratio:** A petition can be abated if the petitioner fails to diligently pursue the case,

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**Reasoning:** The court reasoned that despite numerous opportunities provided to the petitioner, they

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**Interpretation:** This highlights the importance of active participation and diligence from the

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**Application:** In this specific case, the petitioner's absence and inaction led to the

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## Parties

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

## Timeline

- **2017-04-03 — Matter L…**: The matter was listed…
- **2017-04-28 — Matter Adj…**: The matter was…

## 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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