# In the matter of Dhiraj Narsinhbhai Patel vs. Lancer Laser Tech Ltd. I.A. No. 1767 of 2021 in Company Appeal (AT) (Ins.) No. 344 of 2021

> NCLAT judgment dated 2022-01-12. Citation: TCN-2022-NCLAT-00668. The case involves a Company Appeal (AT) (Ins.) No. 344 of 2021 along with I.A. No. 1767 of…

- **Court:** NCLAT
- **Order date:** 12 Jan 2022
- **Citation:** TCN-2022-NCLAT-00668
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/dhiraj-narsinhbhai-patel-vs-lancer-laser-tech-ltd-ia-no-1767-of-2021-in-company-6ea39e1a

## Summary

### Background

The case involves a Company Appeal (AT) (Ins.) No. 344 of 2021 along with I.A. No. 1767 of 2021 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The Resolution Professional filed an affidavit stating that all outstanding dues have been received. The court noted that the parties had settled the matter outside of court and an additional affidavit was filed.

## Facts

Dhiraj Narsinhbhai Patel filed an appeal against Lancer Laser Tech Ltd. before the NCLAT. The Resolution Professional filed an affidavit stating that all outstanding dues amounting to Rs. 14,00,0000/- have been received. The court noted that the parties had settled the matter outside of court, and an additional affidavit was filed. The Resolution Professional received all remaining fees, including office costs. Consequently, the appellant was permitted to withdraw the appeal.

## Issues and analysis

### Issue 1: Whether the Appellant should be permitted to withdraw the Appeal given the settlement reached …

**Ratio:** When parties to a legal dispute reach a settlement outside of court and no outstanding

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**Reasoning:** The court reasoned that since the parties had settled the matter outside of court and the

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**Interpretation:** This legal principle allows for the efficient resolution of disputes when

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**Application:** In this case, the court applied the principle by allowing the appellant to

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## Parties

- **Judges:** Anant Bijay…; Shreesha…
- **Appellants:** Dhiraj Narsinhbhai…
- **Respondents:** Lancer Laser Tech…

## Timeline

- **2021-11-24 — Order Da…**: Learned Counsel for the Resolution Professional filed an Affidavit as a hard copy which…
- **2022-01-12 — Order Da…**: The Court permitted the Learned Counsel for…

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