# In the matter of Best tanning Industries Pvt. Ltd. CP (IB) No. 378-ALD-2018

> NCLT judgment dated 2022-05-04. Citation: TCN-2022-NCLT-04850. The case pertains to CP(IB) No. 378/ALD/2018 filed before the National Company Law Tribunal,…

- **Court:** NCLT
- **Order date:** 4 May 2022
- **Citation:** TCN-2022-NCLT-04850
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/best-tanning-industries-pvt-ltd-cp-ib-no-378-ald-2018-a60c4f69

## Summary

### Background

The case pertains to CP(IB) No. 378/ALD/2018 filed before the National Company Law Tribunal, Allahabad Bench.

## Facts

CP(IB) No. 378/ALD/2018 was filed before the National Company Law Tribunal, Allahabad Bench.

The hearing took place on May 4th, 2022, at 2:30 PM.

Counsel from both sides appeared and submitted that the matter has been settled out of court.

The Tribunal dismissed the case as withdrawn based on the submission of settlement.

## Issues and analysis

### Issue 1: Whether the Tribunal should dismiss the case based on the submission that the matter has been …

**Ratio:** When parties submit that a matter has been settled out of court, the Tribunal may dismiss

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**Reasoning:** The Tribunal accepted the submission of the counsels that the matter has been settled out

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**Interpretation:** Settlement between parties is a

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**Application:** The Tribunal applied this principle

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## Parties

- **Judges:** Rajasekha…; Virendra Kumar…
- **Appellants:** Amarita Packaging…
- **Respondents:** Best Tanning…
- **Advocates:** Abhinav Me…; Saurabh Sri…; +1 more

## Timeline

- **2022-05-04 — Hearing…**: Hearing held on May 4th, 2022, at 2:30 PM.…

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