# In the matter of Lahari Infra Projects (India) Pvt.  Ltd. CP (IB) No. 694-9-HDB-2018

> NCLT judgment dated 2019-03-06. Citation: TCN-2019-NCLT-04575. The case involves a Company Petition under the Insolvency and Bankruptcy Code (IBC). The…

- **Court:** NCLT
- **Order date:** 6 Mar 2019
- **Citation:** TCN-2019-NCLT-04575
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/lahari-infra-projects-india-pvt-ltd-cp-ib-no-694-9-hdb-2018-fbc36833

## Summary

### Background

The case involves a Company Petition under the Insolvency and Bankruptcy Code (IBC). The petitioner and respondent are Lahari Infra Projects (India) Pvt Ltd and R K Steels Udyog Pvt Ltd respectively. The matter was listed for hearing on 06.03.2019.

## Facts

The case involves a Company Petition filed under Section 9 of the IBC. Lahari Infra Projects (India) Pvt Ltd is both the company and the respondent. R K Steels Udyog Pvt Ltd is the petitioner. During the hearing on 06.03.2019, both parties submitted that the matter had been settled. They filed a joint memo of settlement, which the court took on record. Consequently, the court closed the Company Petition as settled.

## Issues and analysis

### Issue 1: Whether the settlement between the parties should …

**Ratio:** When parties to a legal dispute reach a settlement and present it to the court in the

…

**Reasoning:** The court accepted the joint memo of settlement filed by the parties, indicating that

…

**Interpretation:** This reflects the principle that courts generally favor settlements as a means

…

**Application:** In this specific case, the court applied the ratio by accepting the joint memo

…

## Parties

- **Judges:** K Anatha Padmnabha…
- **Appellants:** R K Steels Udyog…
- **Respondents:** Lahari Infra…

## Timeline

- **2019-03-06 — Hearing…**: Hearing held on 06.03.2019 at 10.30 AM. Parties submitted that the matter has been…
- **2018-01-01 — Company Petiti…**: CP (IB) NO. 694/9/HDB/20…

## 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/lahari-infra-projects-india-pvt-ltd-cp-ib-no-694-9-hdb-2018-fbc36833