# In the matter of Sterling Biotech Limited MA 870-2019 In CP (IB) 490-(MB)-2018

> NCLT judgment dated 2019-03-26. Citation: TCN-2019-NCLT-04336. The case involves a hearing before the Mumbai Bench of the National Company Law Tribunal (NCLT)…

- **Court:** NCLT
- **Order date:** 26 Mar 2019
- **Citation:** TCN-2019-NCLT-04336
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sterling-biotech-limited-ma-870-2019-in-cp-ib-490-mb-2018-0390a465

## Summary

### Background

The case involves a hearing before the Mumbai Bench of the National Company Law Tribunal (NCLT) concerning CP.(IB) 490/(MB)/2018 and MA 870/2019. The original applicant is Andhra Bank, and the respondent is Sterling Biotech Limited. The hearing took place on March 26, 2019.

## Facts

Andhra Bank is the original applicant in the case CP.(IB) 490/(MB)/2018 and MA 870/2019 before the Mumbai Bench of the National Company Law Tribunal (NCLT). Sterling Biotech Limited is the respondent. During the hearing on March 26, 2019, Shri Ramakantha, representing the Central Government, requested time to make a representation. The Enforcement Directorate filed objections, which were taken on record. SEBI filed an unsigned representation, which was not taken on record. The court granted two weeks for filing a reply and listed the matter for further hearing on April 26, 2019. The case is related to Section 7 of the Insolvency & Bankruptcy Code, 2016.

## Issues and analysis

### Issue 1: Whether the request for time by Shri Ramakantha, representing the Central Government, to make a …

**Ratio:** The court has the discretion to grant time for parties to present their arguments and

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**Reasoning:** The court allowed the request for time to ensure that the Central Government's

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**Interpretation:** This reflects the court's commitment to procedural fairness, allowing parties

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**Application:** The court granted two weeks' time for filing a reply, demonstrating the

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## Parties

- **Judges:** V. P. S…; RavikumarDu…
- **Appellants:** Andhra…
- **Respondents:** Sterling Biotech…

## Timeline

- **2019-03-26 — Hearing…**: Hearing of CP.(IB) 490/(MB)/2018 and MA…
- **2019-04-26 — Next Hearin…**: Matter listed for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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