# In the matter of Orris Infrastructure Pvt. Ltd. (IB)-1663(PB)-2018

> NCLT judgment dated 2019-03-07. Citation: TCN-2019-NCLT-04542. The case involves an application/petition filed by Mr. Tarun Kochhar against M/s. Orris…

- **Court:** NCLT
- **Order date:** 7 Mar 2019
- **Citation:** TCN-2019-NCLT-04542
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/orris-infrastructure-pvt-ltd-ib-1663pb-2018-02f3927b

## Summary

### Background

The case involves an application/petition filed by Mr. Tarun Kochhar against M/s. Orris Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The matter was brought before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi.

## Facts

Mr. Tarun Kochhar filed a petition against M/s. Orris Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. A settlement deed was executed between the parties on 2019-02-26. Based on this settlement deed, the counsel for the petitioner applied for the withdrawal of the petition under Rule 8 of the Adjudicating Authority Rules, 2016. A copy of the settlement deed was placed on record. The relevance of the settlement deed is that it formed the basis for the withdrawal of the insolvency petition, leading to the disposal of the case.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 can be …

**Ratio:** A petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 can be

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**Reasoning:** The court reasoned that based on the settlement deed dated 26.02.2019, the counsel

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**Interpretation:** This legal issue involves the interpretation of the Insolvency & Bankruptcy

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**Application:** In this specific case, the existence of a settlement deed dated 26.02.2019

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Tarun Ko…
- **Respondents:** M/s. Orris…
- **Advocates:** Sumit K.…; Nidhesh…; +1 more

## Timeline

- **2019-02-26 — Settlemen…**: Settlement deed executed between Mr. Tarun…
- **2019-03-07 — Order Del…**: Order delivered by the NCLT allowing…

## 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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