# In the matter of International Land Developers Pvt. Ltd. IA-4429-2022 in IB-250-ND-2022

> NCLT judgment dated 2023-03-01. Citation: TCN-2023-NCLT-04411. The case involves an application (IA/4429/2022) moved for seeking dismissal of the main…

- **Court:** NCLT
- **Order date:** 1 Mar 2023
- **Citation:** TCN-2023-NCLT-04411
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/international-land-developers-pvt-ltd-ia-4429-2022-in-ib-250-nd-2022-5813276c

## Summary

### Background

The case involves an application (IA/4429/2022) moved for seeking dismissal of the main IB-250/ND/2022 under Rule 11 of NCLT Rules, 2016. The Adjudicating Authority noted that the Corporate Debtor, instead of addressing defects in their reply and getting it listed on the Tribunal's e-portal, filed the present application.

## Facts

Naresh Kumar filed a case against M/s. International Land Developers Pvt. Ltd. under Section 7 of the IBC. The Corporate Debtor's proxy counsel made submissions. The Financial Creditor's counsel was present. The Corporate Debtor filed an application (IA/4429/2022) seeking dismissal of the main insolvency petition (IB-250/ND/2022) under Rule 11 of the NCLT Rules, 2016, instead of rectifying defects in their reply and getting it listed on the Tribunal's e-portal. The Adjudicating Authority found no provision in the IBC, 2016 to entertain such an application.

## Issues and analysis

### Issue 1: Whether the application (IA/4429/2022) seeking dismissal of the main insolvency petition …

**Ratio:** The ratio is that procedural compliance is essential, and parties must follow the

…

**Reasoning:** The court reasoned that the Corporate Debtor's attempt to bypass the standard procedure

…

**Interpretation:** This issue highlights the importance of adhering to procedural requirements in

…

**Application:** In this specific case, the Corporate Debtor's application for dismissal was

…

## Parties

- **Judges:** P.S.N. P…; BINOD KUMAR…
- **Appellants:** Naresh…
- **Respondents:** M/s. International…

## Timeline

- **2023-03-01 — Order Del…**: Order delivered on the application (IA/4429/2022) seeking dismissal of the main…
- **2023-03-09 — Next Hea…**: Main matter (IB-250/ND/202…

## 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)

---

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-division-bench-court-i-chenn/international-land-developers-pvt-ltd-ia-4429-2022-in-ib-250-nd-2022-5813276c