# In the matter of WInsome Diamond & Jewellery Ltd. IA 381-2018 In C.P. (IB) No. 208-NCLT-AHM-2017

> NCLT judgment dated 2019-05-03. Citation: TCN-2019-NCLT-03494. The document pertains to IA 381 of 2018 in C.P. (I.B) No. 208/NCLT/AHM/2017 before the…

- **Court:** NCLT
- **Order date:** 3 May 2019
- **Citation:** TCN-2019-NCLT-03494
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/winsome-diamond-jewellery-ltd-ia-381-2018-in-cp-ib-no-208-nclt-ahm-2017-bb3b61cf

## Summary

### Background

The document pertains to IA 381 of 2018 in C.P. (I.B) No. 208/NCLT/AHM/2017 before the Ahmedabad Bench of the National Company Law Tribunal. The case involves Winsome Diamonds & Jewellery Ltd. The matter was listed for hearing on 03.05.2019.

## Facts

IA 381 of 2018 is being heard in the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The case involves Winsome Diamonds & Jewellery Ltd. The learned counsels for the suspended management and the Resolution Professional requested an adjournment to file a reply/objection. The board of suspended management and the Resolution Professional are directed to file their reply/objections within two weeks. The matter is to be listed on 10.07.2019.

## Issues and analysis

### Issue 1: Whether to grant an adjournment for filing reply/objection as requested by the learned counsels for …

**Ratio:** The court has the discretion to grant adjournments based on the circumstances and the

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**Reasoning:** The learned counsels requested an adjournment to file a reply/objection, indicating a

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**Interpretation:** The court interprets the request for adjournment as a need for adequate time to

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**Application:** The court grants the adjournment, allowing the counsels additional time to file

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## Parties

- **Judges:** Harihar Prakash…
- **Respondents:** Winsome Diamonds…
- **Advocates:** Akshat…; Tirth N…

## Timeline

- **2019-05-03 — Hearing…**: Hearing of the Ahmedabad Bench of…
- **2019-07-10 — Next Listin…**: Matter listed on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33(1) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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