# In the matter of NCC Ltd. CP(IB) No. 514-9-HDB-2018

> NCLT judgment dated 2019-07-08. Citation: TCN-2019-NCLT-02642. The case pertains to a company petition/application with the number CP(IB) No.514/9/HDB/2018…

- **Court:** NCLT
- **Order date:** 8 Jul 2019
- **Citation:** TCN-2019-NCLT-02642
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ncc-ltd-cpib-no-514-9-hdb-2018-699f44e6

## Summary

### Background

The case pertains to a company petition/application with the number CP(IB) No.514/9/HDB/2018 before the National Company Law Tribunal, Hyderabad Bench. The matter involves ABB India Ltd as the petitioner and NCC Ltd as both the company and the respondent. The case is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

The case involves a petition filed by ABB India Ltd against NCC Ltd under Section 9 of the IBC. NCC Ltd is both the company and the respondent in this case. Both parties' counsels appeared before the National Company Law Tribunal, Hyderabad Bench, and informed the court that they had reached a settlement. They jointly filed a memo of settlement specifying the terms, which the court took on record. The petition was subsequently closed as settled.

## Issues and analysis

### Issue 1: Whether the settlement between ABB India Ltd and NCC Ltd is valid and enforceable under the …

**Ratio:** A settlement reached between parties in a legal dispute is generally considered valid and

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**Reasoning:** The court acknowledged the settlement reached by both parties, as evidenced by the joint

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**Interpretation:** The interpretation of the law allows for parties to settle disputes amicably,

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**Application:** In this case, the settlement between ABB India Ltd and NCC Ltd is considered

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## Parties

- **Judges:** K. Anantha…
- **Appellants:** ABB India…
- **Respondents:** NCC…

## Timeline

- **2018-01-01 — Company Petiti…**: CP(IB) No.514/9/HDB/2018…
- **2019-07-08 — Hearing…**: Attendance-cum-order sheet of the…

## 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)

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