# In the matter of Virat Global Logistics Pvt. Ltd. RST.A (IBC)-05(MB)-2023 in C.P.(IB)-628(MB)-2020

> NCLT judgment dated 2023-02-20. Citation: TCN-2023-NCLT-04524. This case involves a Restoration Application (RST.A (IBC)/05(MB)/2023) filed in…

- **Court:** NCLT
- **Order date:** 20 Feb 2023
- **Citation:** TCN-2023-NCLT-04524
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/virat-global-logistics-pvt-ltd-rsta-ibc-05mb-2023-in-cpib-628mb-2020-1b553e38

## Summary

### Background

This case involves a Restoration Application (RST.A (IBC)/05(MB)/2023) filed in C.P.(IB)/628(MB)/2020 under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking the restoration of a petition that was previously dismissed on 2023-01-10 due to non-prosecution. The applicant is Indus Container Lines Pvt. Ltd. and the respondent is Virat Global Logistics Pvt. Ltd.

## Facts

Indus Container Lines Pvt. Ltd. filed a petition (CP(IB)-628/2020) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Virat Global Logistics Pvt. Ltd. The petition was dismissed on 2023-01-10 due to non-prosecution. Indus Container Lines Pvt. Ltd. then filed a Restoration Application (RST.A (IBC)/05(MB)/2023) seeking to restore the dismissed petition. The court heard the submissions of the counsel for the applicant.

## Issues and analysis

### Issue 1: Whether the petition …

**Ratio:** A court has the power to restore a petition that was previously dismissed, especially if

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**Reasoning:** The court considered the submissions of the counsel and found it appropriate to restore

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**Interpretation:** This issue involves the interpretation of the court's inherent powers to

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**Application:** The court applied the principle of restoration by ordering the registry to

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## Parties

- **Judges:** Prabhat…; KISHORE VEMULAPALL…
- **Appellants:** Indus Container…
- **Respondents:** Virat Global…

## Timeline

- **2023-01-10 — Petition Di…**: Petition CP(IB)-628/2020 was…
- **2023-02-20 — Hearing…**: Hearing held on the Restoration…

## 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)

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