# In the matter of A. Srinivasan Vs. PMI Engineering Exports Pvt. Ltd. CA(AT)(Ins) No. 45 of 2020

> NCLAT judgment dated 2020-02-04. Citation: TCN-2020-NCLAT-00457. The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT), New…

- **Court:** NCLAT
- **Order date:** 4 Feb 2020
- **Citation:** TCN-2020-NCLAT-00457
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/a-srinivasan-vs-pmi-engineering-exports-pvt-ltd-ca-8fe5ce51

## Summary

### Background

The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT), New Delhi, concerning an insolvency matter. The appellant requested an adjournment to attempt an amicable settlement with the respondent.

## Facts

A Srinivasan is the appellant in a case against M/s. PMI Engineering Exports Pvt. Ltd., the respondent. The appellant requested an adjournment to attempt an amicable settlement. The court granted the adjournment until February 11, 2020. The court also clarified that if a settlement is not reached, arguments will be heard, and the Interim Resolution Professional's status is contingent on a prior order dated January 10, 2020.

## Issues and analysis

### Issue 1: Whether the matter should be adjourned to allow for an amicable settlement between the appellant …

**Ratio:** Courts may grant adjournments to facilitate settlement negotiations between parties,

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**Reasoning:** The court granted the adjournment to allow the appellant and respondent to explore

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**Interpretation:** This reflects the court's willingness to encourage alternative dispute

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**Application:** The court applied this principle by adjourning the case to February 11, 2020,

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## Parties

- **Judges:** Venugop…; Vijai Prata…; +1 more
- **Appellants:** A. Srini…
- **Respondents:** M/s. PMI Engineeri…

## Timeline

- **2020-02-04 — Adjournment…**: The appellant requested an adjournment…
- **2020-02-11 — Adjournmen…**: The matter was adjourned to February…

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