# In the matter of Ferrous Township Pvt.  Ltd. (IB)-180-ND-2021

> NCLT judgment dated 2022-07-22. Citation: TCN-2022-NCLT-01602. The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code…

- **Court:** NCLT
- **Order date:** 22 Jul 2022
- **Citation:** TCN-2022-NCLT-01602
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ferrous-township-pvt-ltd-ib-180-nd-2021-ad5b5d39

## Summary

### Background

The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant, Satya Narain Garg & Ors., initiated proceedings against the respondent, M/s. Ferrous Townships Pvt Ltd. for an unspecified reason. The matter was listed for hearing, but the applicant failed to appear despite repeated calls and previous hearing dates.

## Facts

Satya Narain Garg & Ors. filed a petition against M/s. Ferrous Townships Pvt Ltd. under Section 7 of the IBC, 2016. The case was listed as Item No. 205 (IB-180/ND/2021) before the New Delhi Bench (Court – II) of the National Company Law Tribunal (NCLT). Despite repeated calls and previous hearing dates on 2022-04-25 and 2022-05-27, the applicant or their representative failed to appear before the court. The absence of the applicant indicated a lack of interest in pursuing the matter.

## Issues and analysis

### Issue 1: Whether the petition IB-180/ND/2021 should be dismissed due to the applicant's absence and lack of …

**Ratio:** A party's failure to appear and prosecute their case can result in the dismissal of the

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**Reasoning:** The court reasoned that the applicant's repeated absence, despite multiple hearing dates

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**Interpretation:** The interpretation is that consistent absence and failure to prosecute a case

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**Application:** The applicant's absence on multiple hearing dates, including 2022-04-25 and

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## Parties

- **Judges:** SHRI. DHARMINDER…; Shri. L. N.…
- **Appellants:** Satya Narain Garg…
- **Respondents:** M/s. Ferrous…
- **Advocates:** Pulkit Ma…

## Timeline

- **N/A — Petition…**: Satya Narain Garg & Ors. filed a petition…
- **2022-04-25 — Hearing…**: Applicant was absent…

## 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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