# In the matter of Aditiya Interiors Pvt. Ltd. IBA-119-2019

> NCLT judgment dated 2019-08-01. Citation: TCN-2019-NCLT-02146. The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The hearing…

- **Court:** NCLT
- **Order date:** 1 Aug 2019
- **Citation:** TCN-2019-NCLT-02146
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/aditiya-interiors-pvt-ltd-iba-119-2019-2ca396a4

## Summary

### Background

The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The hearing was held at the Chennai Bench of the National Company Law Tribunal (NCLT). Both parties were present during the hearing.

## Facts

The case involves Maria Marketing Corporation as the petitioner and Aditya Interiors Pvt Ltd as the respondent. The Operational Creditor's representative stated that the Corporate Debtor, Aditya Interiors Pvt Ltd, had already made the payment of the claim, which constitutes a full and final settlement. The petition was filed under Section 9 Rule 6. The hearing took place on August 1, 2019.

## Issues and analysis

### Issue 1: Whether the petition should be disposed of given the submission that the Corporate Debtor has …

**Ratio:** When a Corporate Debtor makes a full and final settlement of the claim to the Operational

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**Reasoning:** The court accepted the submission of the Operational Creditor's representative that the

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**Interpretation:** The interpretation is that if the Corporate Debtor settles the claim with the

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**Application:** In this case, since Aditya Interiors Pvt Ltd had already made the payment of

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## Parties

- **Judges:** Ch. Mohd Sharief…; Anil Ku…
- **Appellants:** Maria Marketing…
- **Respondents:** Aditya Interiors…

## Timeline

- **2019-08-01 — Hearing…**: Hearing held at Chennai Bench of…
- **N/A — Submission of…**: Representative for the Operational Creditor submitted that the Corporate Debtor has…

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