# In the matter of CT Ramanathan Infrastructure Pvt. Ltd. MA-66-2019 In CP-233-IB-2017

> NCLT judgment dated 2019-04-25. Citation: TCN-2019-NCLT-03688. The case involves an application (MA/66/2019) in connection with a Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 25 Apr 2019
- **Citation:** TCN-2019-NCLT-03688
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ct-ramanathan-infrastructure-pvt-ltd-ma-66-2019-in-cp-233-ib-2017-98f0dba0

## Summary

### Background

The case involves an application (MA/66/2019) in connection with a Corporate Insolvency Resolution Process (CIRP) initiated under CP/233/IB/2017. The applicant's counsel and the respondent/resolution professional are present. The case was heard by the Chennai bench of the National Company Law Tribunal (NCLT).

## Facts

The applicant and the respondent/resolution professional were present before the Chennai bench of the National Company Law Tribunal (NCLT). The core fact is that the parties submitted to the court that there was no possibility of a settlement. Based on this submission, the court decided to close the application. The application number is MA/66/2019 and it is related to CP/233/IB/2017.

## Issues and analysis

### Issue 1: Whether the application MA/66/2019 should be closed given the submission that there is no …

**Ratio:** When parties involved in a legal proceeding submit that there is no possibility of

…

**Reasoning:** The court reasoned that since the parties themselves stated that a settlement was not

…

**Interpretation:** The interpretation is that the court prioritizes the submissions of the parties

…

**Application:** In this specific case, the court applied the ratio by closing the application

…

## Parties

- **Judges:** Ch. Mohd Sharief…
- **Appellants:** Anirudh kr…
- **Respondents:** C.T.RAMANATHAN…

## Timeline

- **2019-04-25 — Hearing…**: Hearing held at 10:30 AM at…
- **2017-01-01 — CP/233/IB/201…**: Corporate Insolvency Resolution Process…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/ct-ramanathan-infrastructure-pvt-ltd-ma-66-2019-in-cp-233-ib-2017-98f0dba0