# In the matter of Anand Divine Developers Pvt. Ltd. (IB)-912(PB)-2018

> NCLT judgment dated 2019-04-16. Citation: TCN-2019-NCLT-03874. The case involves an application CA-716(PB)/2019 filed in the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 16 Apr 2019
- **Citation:** TCN-2019-NCLT-03874
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/anand-divine-developers-pvt-ltd-ib-912pb-2018-15f0e11d

## Summary

### Background

The case involves an application CA-716(PB)/2019 filed in the National Company Law Tribunal (NCLT), New Delhi, Principal Bench. The arguments were heard on 07.02.2019, and the order was reserved. The application was filed by the counsel under Section 9, but orders are yet to be pronounced.

## Facts

Manjul Grover & Ors. filed a petition/application against Anand Divine Developers Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. The arguments were heard on 07.02.2019, and the order was reserved. During the proceedings, the parties amicably resolved the dispute, leading the petitioner to request the withdrawal of the petition. This request was made unconditionally, suggesting a settlement had been reached. The application was filed by the counsel under Section 9. The relevance of the amicable settlement is that it led to the dismissal of the case, indicating a resolution outside of the formal legal process.

## Issues and analysis

### Issue 1: Whether the application CA-716(PB)/2019 should be allowed given the amicable resolution of the …

**Ratio:** When parties to a legal proceeding reach an amicable settlement and the petitioner seeks

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**Reasoning:** The court reasoned that since the parties had amicably resolved their dispute and the

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**Interpretation:** This interpretation reflects the court's willingness to acknowledge and

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**Application:** In this specific case, the court applied the ratio by allowing the withdrawal

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Manjul G…
- **Respondents:** Anand Divine…

## Timeline

- **2019-02-07 — Arguments…**: Arguments in the matter were…
- **2019-04-16 — Order Del…**: Order delivered dismissing CP No. (IB)-912(PB)/2018 as withdrawn and disposing of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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