# In the matter of GB J Hotels Pvt. Ltd. IBA-764-2019

> NCLT judgment dated 2020-03-13. Citation: TCN-2020-NCLT-01527. The case involves a petition filed by Ashish Interbuild Pvt Ltd against GBJ Hotels Pvt Ltd. The…

- **Court:** NCLT
- **Order date:** 13 Mar 2020
- **Citation:** TCN-2020-NCLT-01527
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gb-j-hotels-pvt-ltd-iba-764-2019-1974ff21

## Summary

### Background

The case involves a petition filed by Ashish Interbuild Pvt Ltd against GBJ Hotels Pvt Ltd. The petitioner sought to withdraw the petition as the matter had been settled between the parties. A Deed of Settlement was entered into between the parties on 2020-03-12.

## Facts

Ashish Interbuild Pvt Ltd filed a petition against GBJ Hotels Pvt Ltd. The matter was settled between the parties, and a Deed of Settlement was entered into on 2020-03-12. The petitioner's counsel filed a memo enclosing the Deed of Settlement, seeking to withdraw the petition. The court considered the settlement, the memo, and Rule 8 of the I&B (AAA) Rules, 2016. The petition was subsequently dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the petition filed by Ashish Interbuild Pvt Ltd should be dismissed as withdrawn, given the …

**Ratio:** A petition can be dismissed as withdrawn if the parties have settled the matter and the

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**Reasoning:** The court reasoned that the matter had been settled between the parties, as evidenced by

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**Interpretation:** This case interprets the provisions related to the withdrawal of a petition in

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** ASHISH INTERBUILD…
- **Respondents:** GBJ HOTELS…
- **Advocates:** Dr.K.s. Ravichandr…; S. Man…; +4 more

## Timeline

- **2020-03-12 — Deed of Set…**: A Deed of Settlement was…
- **2020-03-13 — Hearing…**: Hearing held at 10.30…

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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/gb-j-hotels-pvt-ltd-iba-764-2019-1974ff21