# 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-03411. The case pertains to CP (IB) No. 11/CTB/2020 before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 4 Jan 2021
- **Citation:** TCN-2021-NCLT-03411
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/karbon-coke-india-pvt-ltd-cp-ib-no-11-ctb-2020-f6d470f8

## Summary

### Background

The case pertains to CP (IB) No. 11/CTB/2020 before the National Company Law Tribunal (NCLT), Cuttack Bench. The matter involves M/s K.K. Roadlines as the petitioner and M/s Karbon Coke (India) Pvt. Ltd. as the respondent. The case is related to Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

The case involves CP (IB) No. 11/CTB/2020 before the NCLT Cuttack Bench. M/s K.K. Roadlines is the petitioner, and M/s Karbon Coke (India) Pvt. Ltd. is the respondent. The case is under Section 9 of the IBC. The petitioner's counsel was present and stated that the matter had been settled out of court. Consequently, the court dismissed the case.

## Issues and analysis

### Issue 1: Whether the NCLT was justified in dismissing the case based on the petitioner's statement that the …

**Ratio:** A court can dismiss a case if the parties involved have settled the matter out of court,

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**Reasoning:** The court accepted the petitioner's statement that the matter had been settled out of

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**Interpretation:** This reflects the principle that courts generally respect and enforce

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**Application:** In this specific instance, the petitioner's statement served as sufficient

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## Parties

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

## Timeline

- **2021-01-04 — Hearing…**: Order sheet of the hearing on…

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