# In the matter of Tag Offshore Ltd. IA No. 1002-2020 in CP (IB) 54(MB-2019

> NCLT judgment dated 2020-06-22. Citation: TCN-2020-NCLT-01138. The National Company Law Tribunal, Mumbai Bench, Court No. II, is hearing IA No. 1002 of 2020…

- **Court:** NCLT
- **Order date:** 22 Jun 2020
- **Citation:** TCN-2020-NCLT-01138
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/tag-offshore-ltd-ia-no-1002-2020-in-cp-ib-54mb-2019-f72dc499

## Summary

### Background

The National Company Law Tribunal, Mumbai Bench, Court No. II, is hearing IA No. 1002 of 2020 in the matter of [CP (IB) 54/(MB) of 2019]. The Tribunal's work has been affected by the Covid-19 pandemic, with hearings being conducted via Video Conference. The matter involves Premier Jet Services Ltd. as the applicant and Sudip Bhattacharya, the Liquidator of Tag Offshore Ltd., in the matter of R. H. Petroleum Pvt. Ltd. versus Tag Offshore Ltd.

## Facts

Premier Jet Services Ltd. is the applicant in IA No. 1002 of 2020, which is filed under [CP (IB) 54/(MB) of 2019]. The respondent is Sudip Bhattacharya, the Liquidator of Tag Offshore Ltd. The matter also involves R. H. Petroleum Pvt. Ltd. versus Tag Offshore Ltd. The Tribunal's operations are impacted by the Covid-19 pandemic, leading to Video Conference hearings. IA No. 1002 of 2020 is related to IA No. 75 of 2020, which is already reserved for orders. The court finds no urgency and suggests a joint hearing. The Liquidator's counsel intends to file a counter to the IA.

## Issues and analysis

### Issue 1: Whether IA No. 1002 of 2020 should be heard …

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

…

**Reasoning:** The court notes that IA No. 75 of 2020 is already reserved for orders, and there is no

…

**Interpretation:** The interpretation is that if a related matter is already reserved for orders

…

**Application:** The court applied this principle by determining that IA No. 1002 of 2020 does

…

## Parties

- **Judges:** Janab Mohammed…; RavikumarDu…
- **Appellants:** Premier Jet…
- **Respondents:** Tag Offsho…; Sudip Bhatt…

## Timeline

- **2020-03-22 — Letter regarding…**: Letter dated 22.03.2020 regarding the closure of the Tribunal due to the Covid-19…
- **2020-04-20 — Notice from Principal…**: Principal Bench vide Notice dated 20.04.2020 allowed hearing of urgent matters via Video…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/tag-offshore-ltd-ia-no-1002-2020-in-cp-ib-54mb-2019-f72dc499