# In the matter of Manoj Cables Ltd. (IB)-468-(ND)-2018

> NCLT judgment dated 2018-10-26. Citation: TCN-2018-NCLT-00484. The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on…

- **Court:** NCLT
- **Order date:** 26 Oct 2018
- **Citation:** TCN-2018-NCLT-00484
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/manoj-cables-ltd-ib-468-nd-2018-cbc17f03

## Summary

### Background

The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on October 26, 2018. It concerns M/s. Perfecto Electricals & Ors. V/s. M/s. Manoj Cables Ltd. The case is under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016.

## Facts

The case involves M/s. Perfecto Electricals & Ors. as the petitioner and M/s. Manoj Cables Ltd. as the respondent. The case is being heard under Section 9 of the IBC, 2016. Settlement talks between the parties have failed. The court has scheduled final arguments for November 5th. Both parties are required to pay Rs. 25000/- to the Prime Minister's Relief Fund, as per a previous order dated September 26th, 2018. The failure of settlement talks is a key fact, indicating the need for further legal proceedings.

## Issues and analysis

### Issue 1: Whether the case should proceed to final …

**Ratio:** When settlement talks fail, the court must proceed with the legal process to resolve the

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**Reasoning:** The court acknowledges the failed settlement talks and schedules the case for final

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**Interpretation:** The failure of settlement talks indicates that the parties could not reach a

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**Application:** Given the failed settlement, the court applies the principle of continuing the

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## Parties

- **Judges:** Deepa Kr…; Ina Mal…; +1 more
- **Appellants:** M/s. Perfecto…
- **Respondents:** M/s. Manoj Cables…

## Timeline

- **2018-09-26 — Previous…**: Previous order issued,…
- **2018-10-26 — Hearing…**: Hearing before the New…

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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/manoj-cables-ltd-ib-468-nd-2018-cbc17f03