# In the matter of PRC International Hotels Pvt. Ltd. MA-283-2019 CP-540-IB-2018

> NCLT judgment dated 2019-05-29. Citation: TCN-2019-NCLT-03147. The case involves an application MA/283/2019 in CP/540/IB/2018 before the Chennai Bench of the…

- **Court:** NCLT
- **Order date:** 29 May 2019
- **Citation:** TCN-2019-NCLT-03147
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/prc-international-hotels-pvt-ltd-ma-283-2019-cp-540-ib-2018-a81fdbb7

## Summary

### Background

The case involves an application MA/283/2019 in CP/540/IB/2018 before the Chennai Bench of the National Company Law Tribunal (NCLT). The applicant's counsel submitted that the respondents have restored the power.

## Facts

The applicant's counsel stated that the respondents have restored the power. Based on this submission, the court disposed of the application. The specific nature of the 'power' is not explicitly defined but is central to the application's resolution.

## Issues and analysis

### Issue 1: Whether the restoration of power by the …

**Ratio:** When the action sought in an application is fulfilled by the respondent, the application

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**Reasoning:** The court accepted the submission of the applicant's counsel that the respondents had

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**Interpretation:** The restoration of power is interpreted as resolving the underlying issue that

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**Application:** In this specific case, the restoration of power by the respondents, as stated

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## Parties

- **Judges:** Ch. Mohd Sharief…
- **Appellants:** S.RAJENDR…
- **Respondents:** PRC INTERNATIONAL…; CHAIRMAN CUM…

## Timeline

- **2019-05-29 — Hearing…**: Hearing held at 10:30…
- **N/A — Application D…**: Application MA/283/2019 disposed of based on the submission that the respondents restored…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14(2) — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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