# In the matter of Karbon Coke (India) Pvt. Ltd. CP (IB) No. 11-CTB-2020

> NCLT judgment dated 2021-01-04. Citation: TCN-2021-NCLT-03407. The case pertains to CP (IB) No. 11/CTB/2020 before the National Company Law Tribunal, Cuttack…

- **Court:** NCLT
- **Order date:** 4 Jan 2021
- **Citation:** TCN-2021-NCLT-03407
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/karbon-coke-india-pvt-ltd-cp-ib-no-11-ctb-2020-861c38cc

## Summary

### Background

The case pertains to CP (IB) No. 11/CTB/2020 before the National Company Law Tribunal, Cuttack Bench, involving M/s K.K. Roadlines as the petitioner and M/s Karbon Coke (India) Pvt. Ltd. as the respondent. The hearing took place on January 4, 2021. The case was presented before a coram of two members: Ms. Sucharitha R. (J) and Shri Satya Ranjan Prasad (T).

## Facts

The case involves CP (IB) No. 11/CTB/2020 before the National Company Law Tribunal (NCLT), Cuttack Bench. The petitioner is M/s K.K. Roadlines, and the respondent is M/s Karbon Coke (India) Pvt. Ltd. The hearing was held on January 4, 2021. The petitioner's counsel was present and stated that the matter had been settled out of court. As a result, the court dismissed the matter. The case falls under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Issues and analysis

### Issue 1: Whether the matter should be dismissed given the petitioner's statement that it has been settled …

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

…

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

…

**Interpretation:** This interpretation aligns with the legal system's encouragement of alternative

…

**Application:** In this specific case, the petitioner's statement that the matter has been

…

## Parties

- **Judges:** Sucharit…; Satya Ranjan…
- **Appellants:** M/s K.K. Ro…
- **Respondents:** M/s Karbon Coke…

## Timeline

- **2021-01-04 — Hearing…**: Hearing held at NCLT…
- **N/A — Settleme…**: Petitioner states 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)

---

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/karbon-coke-india-pvt-ltd-cp-ib-no-11-ctb-2020-861c38cc