# In the matter of Inox Wind Limited CP(IB) No. 181-Chd-HP-2020

> Read the full IBC case summary for In the matter of Inox Wind Limited CP(IB) No. 181-Chd-HP-2020. NCLT judgment dated 2022-06-03. Citation: TCN-2022-NCLT-04713.

- **Court:** NCLT
- **Order date:** 3 Jun 2022
- **Citation:** TCN-2022-NCLT-04713
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/inox-wind-limited-cpib-no-181-chd-hp-2020-ce7e0e31

## Summary

### Background

The petitioner, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the corporate debtor. During the proceedings, the parties reached a settlement, and the petitioner received the agreed-upon settlement amount.

## Facts

Shell India Markets Pvt. Ltd., the operational creditor, filed a petition against Inox Wind Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Inox Wind Limited due to an alleged default in payment.

During the course of the proceedings, the parties engaged in discussions and reached a settlement. The learned counsel for the petitioner informed the National Company Law Tribunal (NCLT) that the settlement amount, totaling ₹1,35,69,905, had been received by the petitioner via a Demand Draft. This payment resolved the dispute that led to the filing of the petition.

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## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Advocates:** Suruchi…; Aashish C…; +1 more

## Timeline

- **June 3, 2022 — Petition Dismissed as…**: The NCLT dismissed the petition as withdrawn after the petitioner's counsel confirmed…

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