# In the matter of Gowthami Infratech Pvt. Ltd. CP (IB) No. 309-9-HDB-2019

> NCLT judgment dated 2021-03-01. Citation: TCN-2021-NCLT-02875. The case pertains to a Company Petition filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 1 Mar 2021
- **Citation:** TCN-2021-NCLT-02875
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gowthami-infratech-pvt-ltd-cp-ib-no-309-9-hdb-2019-9ab61eea

## Summary

### Background

The case pertains to a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). A settlement deed was entered between the parties involved.

## Facts

The Company Petition CP (IB) No. 309/9/HDB/2020 was filed. Gowthami Infratech Pvt Ltd is the company involved. Vardhaman Cables & Conductors is the petitioner, and Gowthami Infratech Pvt Ltd is the respondent. A settlement deed was entered between the parties. The counsel for the operational creditor appeared via video, and the counsel for the corporate debtor was present in person. Based on the settlement deed, the petition was disposed of as withdrawn.

## Issues and analysis

### Issue 1: Whether the Company Petition CP (IB) 309/9/HDB/2020 should be disposed of based on the settlement …

**Ratio:** A Company Petition can be disposed of if the parties enter into a settlement and agree to

…

**Reasoning:** The court reasoned that since the parties had entered into a settlement deed, the

…

**Interpretation:** The interpretation is that a settlement deed signifies an agreement between the

…

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

…

## Parties

- **Judges:** Bhaskara Pantula…; Veera Brahma Rao…
- **Appellants:** Vardhaman Cables…
- **Respondents:** Gowthami Infratech…
- **Advocates:** Nitin…

## Timeline

- **2021-03-01 — Hearing…**: Hearing held on…
- **N/A — Settlemen…**: Settlement Deed entered…

## 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)

---

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/gowthami-infratech-pvt-ltd-cp-ib-no-309-9-hdb-2019-9ab61eea