# In the matter of Spruce Trading Pvt. Ltd.

> NCLT judgment dated 2023-12-12. Citation: TCN-2023-NCLT-00304. The case involves IA 1625/2022 and IA 3556/2022 filed in C.P. (IB)-312(MB)2023 before the…

- **Court:** NCLT
- **Order date:** 12 Dec 2023
- **Citation:** TCN-2023-NCLT-00304
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/spruce-trading-pvt-ltd-1779dd69

## Summary

### Background

The case involves IA 1625/2022 and IA 3556/2022 filed in C.P. (IB)-312(MB)2023 before the National Company Law Tribunal, Mumbai Bench, Court-II. The matter pertains to European Projects and Aviation Limited V/s Spruce Trading Pvt. Ltd. under Section 47(1) and 54(1) u/s 9 of the Insolvency and Bankruptcy Code, 2016.

## Facts

The case involves two Interlocutory Applications, IA 1625/2022 and IA 3556/2022, related to a corporate insolvency resolution process. Aniruth Purusothaman, counsel, appeared for the Applicant in IA 3556/2022. The tribunal allowed IA 3556/2022. Subsequently, because of the order in IA 3556/2022, IA 1625/2022 was rendered infructuous, leading to its dismissal. No one appeared for the Applicant in IA 1625/2022. The case is under Section 47(1) and 54(1) u/s 9 of the Insolvency and Bankruptcy Code, 2016.

## Issues and analysis

### Issue 1: Whether IA 3556 of 2022 …

**Ratio:** The tribunal has the power to adjudicate on applications related to the insolvency

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**Reasoning:** The counsel for the Applicant appeared, and the tribunal considered the matter for

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**Interpretation:** This issue involves the interpretation of the Insolvency and Bankruptcy Code

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**Application:** The presence of the counsel and the consideration of the matter led to the

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## Parties

- **Judges:** ANIL RAJ C…; Kuldip Kumar…
- **Appellants:** Ms Subh…
- **Respondents:** European Projects…; Spruce Trading…

## Timeline

- **2023-12-12 — Hearing…**: Hearing of Mumbai Bench of the…
- **2022-01-01 — Filing of Appl…**: IA 1625/2022 and IA…

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