# In the matter of Ram Charan Company Pvt. Ltd. IA-93(CHE)-2022 in CP(IB)-205(CHE)-2021

> Read the full IBC case summary for In the matter of Ram Charan Company Pvt. Ltd. IA-93(CHE)-2022 in CP(IB)-205(CHE)-2021. NCLT judgment dated 2022-04-21.…

- **Court:** NCLT
- **Order date:** 21 Apr 2022
- **Citation:** TCN-2022-NCLT-04935
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ram-charan-company-pvt-ltd-ia-93che-2022-in-cpib-205che-2021-7f3c1d16

## Summary

### Background

The matter was listed for pronouncement of order, but the petitioner's counsel informed the Tribunal that the parties had settled the dispute and filed a memo of withdrawal.

## Facts

The National Company Law Tribunal, Division Bench - I Chennai, heard an application under 9 Rule 6 of IBC, 2016. The petitioner, SI Group India Pvt Ltd, filed the application against the respondent, Ramcharan Company Pvt Ltd. The matter was initially listed for pronouncement of order on April 19, 2022, at 2:30 PM through video conferencing mode. However, the order was not pronounced on that date.

## Issues and analysis

### Issue 1: Whether the application for withdrawal should be…

**Ratio:** The Tribunal took the memo of withdrawal on record and dismissed the petition as…

**Reasoning:** The Tribunal noted that the settlement agreement was entered into and the memo of…

**Interpretation:** The Tribunal interpreted the timing of the settlement as an attempt to…

**Application:** Despite the settlement, the Tribunal imposed a cost of Rs. 1,00,000/- on the…

## Parties

- **Judges:** R. Sucha…; SAMEER…
- **Advocates:** Thriyambak…; Rishi Sri…; +1 more

## Timeline

- **April 4, 2022 — Orders Re…**: Orders were reserved in…
- **April 19, 2022 — Order Pronouncement…**: The matter was listed for pronouncement of order at 2:30 PM through video conferencing…

---

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/ram-charan-company-pvt-ltd-ia-93che-2022-in-cpib-205che-2021-7f3c1d16