# In the matter of Star Mineral Resources Pvt. Ltd.

> NCLT judgment dated 2025-02-06. Citation: TCN-2025-NCLT-00520. The case involves an application (IA-2385/2024) in the matter of M/s. Platina Bulkers Pvt. Ltd.…

- **Court:** NCLT
- **Order date:** 6 Feb 2025
- **Citation:** TCN-2025-NCLT-00520
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/star-mineral-resources-pvt-ltd-c5e2d17e

## Summary

### Background

The case involves an application (IA-2385/2024) in the matter of M/s. Platina Bulkers Pvt. Ltd. (Petitioner/Applicant) versus M/s. Star Mineral Resources Pvt. Ltd. (Respondent) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The ex-Liquidator, Mr. Naresh Kumar Bansal, seeks an adjournment because he is unwell.

## Facts

M/s. Platina Bulkers Pvt. Ltd. is the Petitioner/Applicant, and M/s. Star Mineral Resources Pvt. Ltd. is the Respondent in a case under Section 9 of the Insolvency & Bankruptcy Code, 2016. The ex-Liquidator, Mr. Naresh Kumar Bansal, is unwell and seeks an adjournment. Mr. Sanjay Kumar appeared as proxy counsel on his behalf. The Respondents, IBBI and ICICI Bank, did not appear and failed to file any reports/responses. The company has been dissolved vide order dated 07.12.2023. The applicant's counsel submitted that an email had been received from the IBBI.

## Issues and analysis

### Issue 1: Whether the adjournment sought by the …

**Ratio:** Courts generally grant adjournments when a key party, such as the liquidator, is unable

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**Reasoning:** The court considered the ex-Liquidator's illness as a valid reason for seeking an

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**Interpretation:** The principle of natural justice requires that parties be given a fair

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**Application:** Given Mr. Naresh Kumar Bansal's illness, the court applied the principle of

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## Parties

- **Judges:** SH. BACHU VENKAT…; SH. ATUL CHATURVED…
- **Appellants:** M/s. Platina…
- **Respondents:** M/s. Star Mineral…

## Timeline

- **2023-12-07 — Company Dissolution…**: The company was dissolved…
- **2025-02-06 — Order Del…**: Order delivered on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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