# In the matter of Groomet (India) Pvt. Ltd. IB-2001-(ND)-2019

> NCLT judgment dated 2021-12-03. Citation: TCN-2021-NCLT-00274. The case involved a petition filed under Section 9 of the IBC, which was subsequently settled…

- **Court:** NCLT
- **Order date:** 3 Dec 2021
- **Citation:** TCN-2021-NCLT-00274
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/groomet-india-pvt-ltd-ib-2001-nd-2019-4509a7c5

## Summary

### Background

The case involved a petition filed under Section 9 of the IBC, which was subsequently settled between the parties. An application for restoration of the petition and for initiation of contempt proceedings had also been filed.

## Facts

The petitioner, Mr. Gulshan Kumar Raman Kumar, filed a petition against the respondent, M/s. Gromet India Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code, 2016. This section pertains to the initiation of the corporate insolvency resolution process by an operational creditor. The case was heard virtually by the National Company Law Tribunal, New Delhi, Court-VI, on December 3, 2021. During the proceedings, both the petitioner's and respondent's counsels informed the Tribunal that the matter had been settled between their respective parties. Despite the settlement, an application for restoration of the original petition and an application for initiation of contempt proceedings had been filed. However, in light of the settlement, the learned counsel for

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## Parties

- **Judges:** DHARMINDER…; RAHUL BHA…
- **Appellants:** Gulshan Kumar…
- **Respondents:** M/s. Gromet India…
- **Advocates:** Anshuj Dh…; Shubhangda…; +5 more

## Timeline

- **December 3, 2021 — Order Del…**: The order was delivered by the NCLT,…
- **Matter Se…**: Both counsels stated that the matter…

## 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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