# In the matter of Meenakshi Energy Ltd. CP (IB) No. 16-9-HDB-2019

> NCLT judgment dated 2019-05-09. Citation: TCN-2019-NCLT-03346. The case pertains to a Company Petition bearing CP (IB) No. 16/9/HDB/2019 filed under Section 9…

- **Court:** NCLT
- **Order date:** 9 May 2019
- **Citation:** TCN-2019-NCLT-03346
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/meenakshi-energy-ltd-cp-ib-no-16-9-hdb-2019-9f827162

## Summary

### Background

The case pertains to a Company Petition bearing CP (IB) No. 16/9/HDB/2019 filed under Section 9 of the IBC. Counsel representing both sides are present. The parties filed a joint memo of settlement signed by both parties.

## Facts

The case involves a Company Petition CP (IB) No. 16/9/HDB/2019. Meenakshi Energy Ltd is the company involved. Steag Energy Services (India) Pvt Ltd is the petitioner, and Meenakshi Energy Ltd is the respondent. A joint memo of settlement was filed by both parties, leading to the closure of the petition. The petition was filed under Section 9 of the IBC.

## Issues and analysis

### Issue 1: Whether the Company Petition CP (IB) No. 16/9/HDB/2019 should be closed as settled, given the joint …

**Ratio:** When parties to a legal dispute reach a settlement and jointly submit a memo to the court

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**Reasoning:** The court reasoned that since both parties had reached a settlement and filed a joint

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**Interpretation:** This legal issue involves the interpretation of settlement agreements in the

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** K. Anantha…
- **Appellants:** Steag Energy…
- **Respondents:** Meenakshi Energy…

## Timeline

- **2019-05-09 — Hearing…**: Hearing held on 09.05.2019 at 10.30 AM.…
- **2019-05-09 — Settlement Ag…**: Parties filed a joint memo of…

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