# In the matter of Sandhya Shipping Services Pvt. Ltd. MA-1426-2019 in CP-737-IB-2018

> NCLT judgment dated 2020-03-09. Citation: TCN-2020-NCLT-01615. The case involves an application MA/1426/2019 in CP/737/IB/2018 before the National Company Law…

- **Court:** NCLT
- **Order date:** 9 Mar 2020
- **Citation:** TCN-2020-NCLT-01615
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sandhya-shipping-services-pvt-ltd-ma-1426-2019-in-cp-737-ib-2018-003de6cb

## Summary

### Background

The case involves an application MA/1426/2019 in CP/737/IB/2018 before the National Company Law Tribunal (NCLT), Chennai Bench. The application relates to a matter under the Insolvency and Bankruptcy Code (IBC). The specific details of the underlying CP/737/IB/2018 case are not elaborated upon in the provided document.

## Facts

The key facts are that an application, MA/1426/2019, was filed in relation to CP/737/IB/2018 under the IBC. The applicant sought condonation, but the NCLT, Chennai Bench, found itself unable to grant the condonation based on the reasons stated in MA/1427/2019. Consequently, the application MA/1426/2019 was dismissed. The petitioner is Rajaguruswami Maheswaran (RP) and the respondent is Sandhya Shipping Services PVT LTD. The application was heard on 2020-03-09.

## Issues and analysis

### Issue 1: Whether the court is in a position to condone the matter as sought for in the Application …

**Ratio:** The court has the discretion to condone delays or other procedural lapses if sufficient

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**Reasoning:** The court, after considering the reasons stated in MA/1427/2019, determined that it was

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**Interpretation:** The interpretation of the relevant provisions of the IBC and the principles of

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**Application:** In this specific case, the court applied its discretion and determined that the

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## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** RAJAGURUSWAMI…
- **Respondents:** SANDHYA SHIPPING…
- **Advocates:** G. VETRI CH…; Paravi…

## Timeline

- **2020-03-09 — Hearing…**: National Company Law Tribunal, Chennai…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12(1) — Time-limit for completion of insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12)

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