# In the matter of Reliable Insupacks Pvt. Ltd. (IB)-1117(ND)-2018

> NCLT judgment dated 2020-04-08. Citation: TCN-2020-NCLT-01413. The case involves a hearing before the National Company Law Tribunal (NCLT), Principal Bench,…

- **Court:** NCLT
- **Order date:** 8 Apr 2020
- **Citation:** TCN-2020-NCLT-01413
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/reliable-insupacks-pvt-ltd-ib-1117nd-2018-ba90ecb8

## Summary

### Background

The case involves a hearing before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, Camp at Chennai. The hearing was conducted via video conferencing on April 8, 2020. The matter pertains to an application under the Insolvency and Bankruptcy Code (IBC).

## Facts

The case is before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, Camp at Chennai. The application number is MA/2020 IN and the petition number is IB/1117(ND)/2018. The petitioner is Bank of India, and the respondent is M/s.Reliable Insupack Pvt Ltd. The case is under Section 31 of the IBC and Sections 230-232 of the Companies Act, 2013. The hearing took place on April 8, 2020, via video conferencing. The court has listed the matter for further hearing on May 6, 2020, directing all parties to file a joint memo of written submissions.

## Issues and analysis

### Issue 1: Whether the matter …

**Ratio:** The court has the discretion to determine the urgency of a matter based on the facts and

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**Reasoning:** The court stated that it did not notice any urgency in the matter, suggesting that the

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**Interpretation:** The interpretation is that the court is exercising its judgment to manage its

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**Application:** In this case, the court's assessment of the facts led it to conclude that the

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## Parties

- **Judges:** SHRL.B.S.V.PRAKASH…
- **Appellants:** Bank of…
- **Respondents:** M/s.Reliable…

## Timeline

- **2020-04-08 — Hearing…**: Hearing held on 08.04.2020 at 10.45…
- **2020-05-06 — Next Hearin…**: Matter listed for further…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 31 — Approval of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-31)

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