# In the matter of EMMAR MGF Lands Ltd. (IB)-1910+(PB)-2019

> NCLT judgment dated 2019-08-30. Citation: TCN-2019-NCLT-01654. The case involves Surendra Kumar Soni & anr. as the applicant/petitioner and Emmar MGF Land…

- **Court:** NCLT
- **Order date:** 30 Aug 2019
- **Citation:** TCN-2019-NCLT-01654
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/emmar-mgf-lands-ltd-ib-1910pb-2019-d21960f7

## Summary

### Background

The case involves Surendra Kumar Soni & anr. as the applicant/petitioner and Emmar MGF Land Ltd. as the respondent. The petition was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016.

## Facts

Surendra Kumar Soni & anr. filed a petition against Emmar MGF Land Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The dispute between the parties was amicably settled. Consequently, the petitioner's counsel requested the withdrawal of the petition. The court then dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016, should be …

**Ratio:** When parties to a dispute reach an amicable settlement, and the petitioner seeks to

…

**Reasoning:** The court accepted the submission of the petitioner's counsel that the dispute had been

…

**Interpretation:** The interpretation is that the court recognizes the autonomy of parties to

…

**Application:** In this specific case, the amicable settlement between Surendra Kumar Soni

…

## Parties

- **Judges:** DEEPTI M…; SH. S.K MOH…
- **Appellants:** Surendra Kumar…
- **Respondents:** Emmar MGF Land…
- **Advocates:** Love Kumar…; A.S Cha…; +10 more

## Timeline

- **2019-08-30 — Order Del…**: The order was delivered…

## 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)

---

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/emmar-mgf-lands-ltd-ib-1910pb-2019-d21960f7