# In the matter of Sunrise 14 A/S Denmark Vs Ravi Mahajan Civil Appeal Nos. 21794-21795-2017

> SC judgment dated 2018-08-03. Citation: TCN-2018-SC-00032. The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT),…

- **Court:** SC
- **Order date:** 3 Aug 2018
- **Citation:** TCN-2018-SC-00032
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/sunrise-14-as-denmark-vs-ravi-mahajan-civil-appeal-nos-21794-21795-2017-c9ffdc21

## Summary

### Background

The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), Chandigarh, which admitted a petition filed by a Danish company, Sunrise 14 A/S Denmark, based on evidence of default in debt. The National Company Appellate Tribunal (NCLAT) set aside the NCLT's judgment, citing non-compliance with the mandatory requirements of Section 7(3)(a) of the Insolvency and Bankruptcy Code (IBC), specifically the filling of a statutory form and the application being made by an advocate instead of the party in person.

## Facts

Sunrise 14 A/S Denmark, a Danish company, filed a petition before the National Company Law Tribunal (NCLT), Chandigarh, claiming default in debt. The NCLT admitted the petition. The National Company Appellate Tribunal (NCLAT) set aside the NCLT's judgment, stating that the mandatory requirements of Section 7(3)(a) of the Insolvency and Bankruptcy Code (IBC) were not met because the statutory form was not filled correctly, and the application was made by an advocate instead of the party in person. The Supreme Court heard the appeal against the NCLAT's decision. The key fact is the applicability of the Macquarie Bank Limited Vs. Shilpi Cable Technologies Limited precedent to financial creditors, which was initially applied to operational creditors.

## Issues and analysis

### Issue 1: Whether the principles established in Macquarie Bank Limited Vs. Shilpi Cable Technologies Limited, …

**Ratio:** The ratio is that the principles regarding compliance with statutory requirements,

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**Reasoning:** The court reasoned that the rationale for relaxing certain statutory requirements for

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**Interpretation:** This interprets the scope of the Macquarie Bank Limited Vs. Shilpi Cable

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**Application:** The court applied this principle to the case at hand, determining that the

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## Parties

- **Judges:** ROHINTON FALI…; Indu Mal…
- **Appellants:** Sunrise 14 A/S…
- **Respondents:** Ravi Ma…
- **Other parties:** Over Tu…

## Timeline

- **2017-07-28 — NCLT Ord…**: The National Company Law Tribunal (NCLT), Chandigarh, passed an order admitting the…
- **2017-12-06 — NCLAT Or…**: The National Company Appellate Tribunal…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7(3) — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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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/supreme-court-of-india/sunrise-14-as-denmark-vs-ravi-mahajan-civil-appeal-nos-21794-21795-2017-c9ffdc21