# In the matter of Spark Green Energy (Satara) ltd. CP(IB)-4260-(MB)-2018

> NCLT judgment dated 2019-04-08. Citation: TCN-2019-NCLT-04061. The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code. The…

- **Court:** NCLT
- **Order date:** 8 Apr 2019
- **Citation:** TCN-2019-NCLT-04061
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/spark-green-energy-satara-ltd-cpib-4260-mb-2018-753b5391

## Summary

### Background

The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code. The order sheet reflects the proceedings of the Mumbai Bench of the National Company Law Tribunal (NCLT) on April 8, 2019. The matter involves Union Bank of India as the applicant and Spark Green Energy (Satara) Ltd. as the respondent.

## Facts

Union Bank of India initiated insolvency proceedings against Spark Green Energy (Satara) Ltd. under Section 7 of the Insolvency and Bankruptcy Code. The NCLT Mumbai Bench heard the matter on April 8, 2019. The respondent debtor was directed to file a reply by March 26, 2019, but the reply was served on the other side on April 6, 2019, and a copy has not been filed in the registry. The other side requested time until April 22, 2019, to file a rejoinder. The court adjourned the matter to June 3, 2019, for the next hearing.

## Issues and analysis

### Issue 1: Whether the respondent debtor complied with the …

**Ratio:** Compliance with court orders and timelines is crucial for the efficient resolution of

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**Reasoning:** The court noted that the respondent debtor was directed to file a reply by March 26,

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**Interpretation:** The interpretation is that the respondent debtor has not fully complied with

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**Application:** The respondent debtor's failure to file the reply as directed impacts the

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## Parties

- **Judges:** M.K. Sh…
- **Appellants:** Union Bank of…
- **Respondents:** Spark Green…

## Timeline

- **2019-03-26 — Deadline fo…**: Respondent debtor was directed to…
- **2019-04-06 — Service of…**: Reply served on the…

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