# In the matter of Orris Infrastructure Pvt. Ltd. (IB)-1012(PB)-2018

> NCLT judgment dated 2019-03-07. Citation: TCN-2019-NCLT-04552. The case involves an application/petition filed by Vikas Singh Malik against Orris…

- **Court:** NCLT
- **Order date:** 7 Mar 2019
- **Citation:** TCN-2019-NCLT-04552
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/orris-infrastructure-pvt-ltd-ib-1012pb-2018-b0045f39

## Summary

### Background

The case involves an application/petition filed by Vikas Singh Malik against Orris Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel made an oral request to dismiss the petition as withdrawn due to a settlement reached between the parties.

## Facts

Vikas Singh Malik filed a petition against Orris Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the counsel for the petitioner made an oral request to the court to dismiss the petition. This request was based on the fact that a settlement had been reached between Vikas Singh Malik and Orris Infrastructure Pvt. Ltd. The court, after considering the statement made by the counsel, granted permission for the withdrawal of the petition. Consequently, the petition was dismissed as withdrawn. The key fact is the settlement between the parties, which led to the withdrawal and dismissal of the petition.

## Issues and analysis

### Issue 1: Whether the court should grant permission to withdraw the petition based on the settlement reached …

**Ratio:** A petition can be withdrawn if the parties involved reach a settlement, and the court

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**Reasoning:** The court reasoned that since a settlement had been reached between the petitioner and

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**Interpretation:** This legal issue involves the interpretation of the court's power to allow

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**Application:** In this specific case, the court applied the ratio by considering the oral

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Vikas Singh…
- **Respondents:** ORRIS INFRASTRUCTU…

## Timeline

- **2018-01-01 — Petition…**: Vikas Singh Malik filed a petition against Orris Infrastructure Pvt. Ltd. under the…
- **2019-03-07 — Order Del…**: The court delivered an order allowing the withdrawal of the petition based on a…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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