# In the matter of Ramky Infrastructure Ltd. Company Petition IB-16-2022

> NCLT judgment dated 2023-06-22. Citation: TCN-2023-NCLT-02848. The case involves a Company Petition (IB/16/2022) before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 22 Jun 2023
- **Citation:** TCN-2023-NCLT-02848
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ramky-infrastructure-ltd-company-petition-ib-16-2022-eccaaaed

## Summary

### Background

The case involves a Company Petition (IB/16/2022) before the National Company Law Tribunal (NCLT), Hyderabad Bench. Mr. Maheshwar, counsel for the Operational Creditor, submitted that the matter has become infructuous.

## Facts

The key facts are that a Company Petition (IB/16/2022) was filed. The Operational Creditor, represented by Mr. Maheshwar, submitted that the matter had become infructuous. Based on this submission, the Tribunal dismissed the application. The relevance of the infructuous nature of the matter is that it rendered further proceedings unnecessary and without practical effect.

## Issues and analysis

### Issue 1: Whether the application should be dismissed as infructuous based on the submission of the …

**Ratio:** A matter becomes infructuous when it no longer presents a live controversy or has lost

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**Reasoning:** The Tribunal accepted the submission of the Operational Creditor's counsel that the

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**Interpretation:** The interpretation is that if a party concedes that a matter is infructuous,

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**Application:** In this case, the Operational Creditor's counsel submitted that the matter was

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## Parties

- **Judges:** TELAPROLU…; Shri. Chara…
- **Appellants:** Varalaxmi…
- **Respondents:** Ramky Infrastructu…

## Timeline

- **2023-06-22 — Hearing…**: Hearing held on 22.06.2023 at 02:30 PM…

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