# In the matter of Entertainment City Ltd. (PVR) C.P. No. (IB)-38(PB)-2017

> NCLT judgment dated 2017-04-13. Citation: TCN-2017-NCLT-00904. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 13 Apr 2017
- **Citation:** TCN-2017-NCLT-00904
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/entertainment-city-ltd-pvr-cp-no-ib-38pb-2017-8d525c66

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Special Bench, New Delhi, regarding a hearing on April 13, 2017. The case pertains to Entertainment City Ltd. (PVR) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The matter was presented before a special bench of the National Company Law Tribunal.

## Facts

The National Company Law Tribunal (NCLT), Special Bench, New Delhi, held a hearing on April 13, 2017, regarding Entertainment City Ltd. (PVR). The case was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. Varun K. Chopra, Advocate, represented PVR Ltd. as the applicant, while Neeraj Gulati, C.S., represented Entertainment City Ltd. The learned counsel for the petitioner represented that the matter had been settled out of court. Consequently, the petition was allowed to be withdrawn in accordance with Rule 8 of the Insolvency & Bankruptcy (Adjudicating Authority) Rules, 2016.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, can be …

**Ratio:** Rule 8 of the Insolvency & Bankruptcy (Adjudicating Authority) Rules, 2016, allows

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**Reasoning:** The court accepted the representation of the learned counsel for the petitioner that the

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**Interpretation:** Rule 8 provides a mechanism for parties to resolve disputes outside of formal

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**Application:** In this case, since the parties reached a settlement out of court, the court

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## Parties

- **Judges:** Sh.R. Varad…; DeepaKr…
- **Appellants:** VARUN CHOPR…
- **Respondents:** Entertainment…; NEERAJ GULA…
- **Advocates:** Varunk C…

## Timeline

- **2017-04-13 — Hearing…**: Hearing before the Special Bench of the National Company Law Tribunal on the matter of…
- **2017-04-13 — Order Is…**: Order issued allowing the withdrawal of the petition based on the settlement reached out…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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