# In the matter of SBQ Steels Ltd. MA 635-2018 & 431-2019 In CP-665-IB-2017

> NCLT judgment dated 2019-05-02. Citation: TCN-2019-NCLT-03556. The case involves MA/431/2019 in MA/635/2018 in CP/665/IB/2017 before the National Company Law…

- **Court:** NCLT
- **Order date:** 2 May 2019
- **Citation:** TCN-2019-NCLT-03556
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sbq-steels-ltd-ma-635-2018-431-2019-in-cp-665-ib-2017-152b8451

## Summary

### Background

The case involves MA/431/2019 in MA/635/2018 in CP/665/IB/2017 before the National Company Law Tribunal (NCLT), Chennai Bench. The matter pertains to objections raised against the claims of the applicants. East Coast Logistics Pvt Ltd is the petitioner, and Ashish Arjunkumar Rathi (RP) of SBQ Steels Ltd is the respondent.

## Facts

The National Company Law Tribunal, Chennai Bench, held a hearing on May 2, 2019, regarding MA/431/2019 in MA/635/2018 in CP/665/IB/2017. East Coast Logistics Pvt Ltd is the petitioner, and Ashish Arjunkumar Rathi (RP) of SBQ Steels Ltd is the respondent. The case involves objections to the claims of the applicants. The court disposed of the matter and directed the liquidator to consider the claims in accordance with the law. The application was filed under Section 42 of the IBC.

## Issues and analysis

### Issue 1: Whether the objections raised against the …

**Ratio:** The ratio is based on the principle that objections to claims must be duly considered in

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**Reasoning:** The court reasoned that the objections raised by the parties needed to be addressed to

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**Interpretation:** This involves interpreting the procedural requirements for handling objections

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**Application:** The court applied this principle by considering the objections and then

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** Deepa Mar…
- **Respondents:** SBQ STEEL…; ASHISH ARJUNKUMAR…

## Timeline

- **2019-05-02 — Hearing…**: The National Company Law Tribunal,…

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