# In the matter of Haldiram Bhujiawala Ltd. C.P. (IB)-69(KB)2021

> NCLT judgment dated 2021-11-01. Citation: TCN-2021-NCLT-00656. The case involves a submission regarding CP (IB) 69 (KB) 2021 before the National Company Law…

- **Court:** NCLT
- **Order date:** 1 Nov 2021
- **Citation:** TCN-2021-NCLT-00656
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/haldiram-bhujiawala-ltd-cp-ib-69kb2021-8348e2dd

## Summary

### Background

The case involves a submission regarding CP (IB) 69 (KB) 2021 before the National Company Law Tribunal (NCLT), Kolkata Bench. The Operational Creditor's representative submitted that the matter has been settled out of court.

## Facts

Glen Industries Private Limited is the company involved in the case. Haldiram Bhujiawala Limited is also mentioned. The case pertains to a submission regarding CP (IB) 69 (KB) 2021. The Operational Creditor's representative submitted that the matter has been settled out of court. Mr. Anil Kumar Dubey, CS, appeared for the applicant. Mr. Sunil Kumar Singhania and Ms. Kalpana Singhania, Advocates, appeared for the Corporate Debtor. The submission was recorded, and CP (IB) 69 (KB) 2021 was dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the submission by the Operational Creditor's representative regarding an out-of-court …

**Ratio:** When parties to a legal dispute reach a settlement outside of court, they are generally

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**Reasoning:** The court's reasoning is based on the principle that parties have the autonomy to resolve

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**Interpretation:** The interpretation is that an out-of-court settlement indicates a resolution

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**Application:** In this specific case, the Operational Creditor's representative's submission

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## Parties

- **Judges:** Rajasekha…; Balraj…

## Timeline

- **2021-11-01 — Hearing…**: Hearing held on November…
- **N/A — Submission of S…**: Operational Creditor's representative submits that the matter has been settled out of…

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