# In the matter of Puri Construciton Pvt.  Ltd. (IB)-358(PB)-2019

> NCLT judgment dated 2019-03-01. Citation: TCN-2019-NCLT-04626. The case involves an application/petition filed by Vikas Satija against Puri Construction Pvt.…

- **Court:** NCLT
- **Order date:** 1 Mar 2019
- **Citation:** TCN-2019-NCLT-04626
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/puri-construciton-pvt-ltd-ib-358pb-2019-0554c5a7

## Summary

### Background

The case involves an application/petition filed by Vikas Satija against Puri Construction Pvt. Ltd. before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The learned counsel for the corporate debtor placed on record a copy of the order dated 19.02.2019 passed by the Supreme Court in Writ Petition(s) (Civil) No(s). 196/2019 titled as M/s Puri Construction Pvt. Ltd. & Anr. v. Union of India & Ors. The counsel argued that the status quo should be maintained in the proceedings before the NCLT.

## Facts

Vikas Satija filed an application/petition against Puri Construction Pvt. Ltd. before the NCLT under Section 7 of the Insolvency & Bankruptcy Code, 2016. The corporate debtor's counsel presented a copy of the Supreme Court's order dated 19.02.2019 in Writ Petition(s) (Civil) No(s). 196/2019, titled M/s Puri Construction Pvt. Ltd. & Anr. v. Union of India & Ors. The counsel argued for the maintenance of status quo in the NCLT proceedings. The NCLT then adjourned the matter sine die, allowing for the case to be brought up again when necessary. The Supreme Court order is a key fact because it directly influences the NCLT's decision to adjourn the proceedings.

## Issues and analysis

### Issue 1: Whether the status quo, as directed by the Supreme Court in Writ Petition(s) (Civil) No(s). …

**Ratio:** The principle of judicial comity and the binding nature of orders passed by higher courts

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**Reasoning:** The NCLT acknowledged the Supreme Court's order and the argument presented by the

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**Interpretation:** The interpretation involves understanding the interplay between insolvency

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**Application:** Given the Supreme Court's order for status quo, the NCLT applied this directive

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## Parties

- **Judges:** DEEPTI M…; S. K. MOH…
- **Appellants:** Vikas S…
- **Respondents:** Puri Construction…
- **Advocates:** Gurukamal…; Sanyogita…

## Timeline

- **2019-02-19 — Supreme Cour…**: The Supreme Court passed an order in Writ Petition(s) (Civil) No(s). 196/2019 titled as…
- **2019-03-01 — NCLT Ord…**: The NCLT adjourned the matter sine die with liberty to mention as and when necessity…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/puri-construciton-pvt-ltd-ib-358pb-2019-0554c5a7