# In the matter of MTG Infra Power Pvt. Ltd. & Ors. CA No. 204-2019 in CP (IB) No. 92-ALD-2019

> NCLT judgment dated 2022-04-25. Citation: TCN-2022-NCLT-03092. The case involves CA No. 204/2019 and CP (IB) No. 92/ALD/2019 before the National Company Law…

- **Court:** NCLT
- **Order date:** 25 Apr 2022
- **Citation:** TCN-2022-NCLT-03092
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mtg-infra-power-pvt-ltd-ors-ca-no-204-2019-in-cp-ib-no-92-ald-2019-7ce6eb5b

## Summary

### Background

The case involves CA No. 204/2019 and CP (IB) No. 92/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The hearing took place on April 25, 2022. The matter concerns Vinod Kumar Goel & Ors versus MTG Infra Power Pvt Ltd & Ors. The case was filed under Section 7 of the IBC.

## Facts

The case involves Vinod Kumar Goel & Ors as the applicant/petitioner against MTG Infra Power Pvt Ltd & Ors. The matter was called on 13.03.2020, 02.02.2022, and 25.04.2022. On all these dates, there was no representation on behalf of the Operational Creditor. The court observed that the Operational Creditor appeared uninterested in pursuing the petition. The case was filed under Section 7 of the IBC. The learned authorized representative for the Corporate Debtor was present.

## Issues and analysis

### Issue 1: Whether CP (IB) No. 92/ALD/2019 should be dismissed due to the Operational Creditor's lack of …

**Ratio:** The principle applied is that if a party initiating legal proceedings fails to actively

…

**Reasoning:** The court reasoned that the Operational Creditor's absence on multiple hearing dates

…

**Interpretation:** The interpretation is that consistent absence or lack of representation by a

…

**Application:** The ratio and reasoning were applied to the specific facts of the case, where

…

## Parties

- **Judges:** Rajasekha…; Virendra Kumar…
- **Appellants:** Vinod Kumar Goel…
- **Respondents:** MTG Infra Power…
- **Advocates:** Sh. Adesh…; Babita…

## Timeline

- **2020-03-13 — Hearing…**: Matter called, no…
- **2022-02-02 — Hearing…**: Matter called, no…

## 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/mtg-infra-power-pvt-ltd-ors-ca-no-204-2019-in-cp-ib-no-92-ald-2019-7ce6eb5b