# In the matter of Housing Development and Infrastructure Ltd. C.P. No. 1424-(MAH)-2017

> NCLT judgment dated 2017-11-10. Citation: TCN-2017-NCLT-00221. The case involves Ramky Infrastructure Ltd. versus Housing Development & Infrastructure Ltd.…

- **Court:** NCLT
- **Order date:** 10 Nov 2017
- **Citation:** TCN-2017-NCLT-00221
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/housing-development-and-infrastructure-ltd-cp-no-1424-mah-2017-dc88181c

## Summary

### Background

The case involves Ramky Infrastructure Ltd. versus Housing Development & Infrastructure Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The petitioner sought permission to withdraw TCP No. 1424/2017.

## Facts

Ramky Infrastructure Ltd. filed a case against Housing Development & Infrastructure Ltd. before the NCLT Mumbai Bench. Both parties reached a settlement agreement. The petitioner, Ramky Infrastructure Ltd., then sought permission from the NCLT to withdraw the case (TCP No. 1424/2017) based on this settlement. The NCLT considered the application and granted permission for withdrawal, disposing of the case.

## Issues and analysis

### Issue 1: Whether the petitioner's application for withdrawal of TCP No. 1424/2017 should be granted based on …

**Ratio:** A court or tribunal can allow the withdrawal of a case when the parties have reached a

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**Reasoning:** The tribunal noted that both parties had arrived at a settlement agreement and placed it

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**Interpretation:** This legal principle allows parties to resolve disputes outside of formal

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**Application:** In this case, the existence of the settlement agreement between Ramky

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## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Appellants:** Ramky Infrastructu…
- **Respondents:** Housing Developmen…
- **Advocates:** Sanjay U…; Darshan…; +2 more

## Timeline

- **2017-11-10 — Hearing…**: Hearing of Mumbai Bench of the…
- **2017-11-10 — Order Da…**: TCP No. 1424/2017 is disposed of as withdrawn in terms of the mutual settlement agreement…

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