Tribunals and CommissionsDivision Bench(2023) 05 NCLT CK 0945

Prism Johnson Limited vs B E Billimoria And Company Limited

National Company Law Tribunal · Decided on 3 May 2023

HON’BLE JUDGES
Anuradha Bhatia, Member (Technical) · Kuldip Kumar Kareer, Member (Judicial)
CASE NUMBER
IA/1424/2023 In C.P. (IB)/135(MB)2022

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Judgment

5 paragraphs · 201 words

ORDER

The matter is taken up through Virtual Hearing (VC).

IA No. 1424/2023 - Adv. Harsh Kesharia appeared for the applicant. The present application is filed by petitioner Prism Johnson Limited under Rule 11 of NCLT, Rules 2016 sought restoration of C.P.(IB) No. 135/2022 and recall of the Order dated 03.03.2023.

Counsel appearing for the petitioner submits that on 03.03.2023 the C.P.(IB) No. 135/2022 was listed at Sr. No. 38 and on that day one Mr. Ruia had purportedly stated that matter has been settled between the parties and seek withdrawal of the Company Petition despite having no authority on behalf of the petitioner. Counsel appearing for the petitioner further pointed out that Mr. Ruia had in fact appeared in the matter listed at Sr. No. 37 on 03.03.2023 and his appearance was inadvertently recorded in C.P.(IB) No. 135/2022. Therefore, Counsel appearing for the petitioner has requested to restore the Company Petition as it has been mistakenly dismissed.

In the light of above facts, we find it is just and proper to allow the restoration of the Company Petition. With the aforesaid observations, IA No. 1424/2023 is allowed and disposed of. C.P. No. 135/2022 shall stand restored to its original number.