# In the matter of Ravindranath GE Medical Associates Pvt. Ltd. 
IBA-633-2020

> NCLT judgment dated 2021-04-01. Citation: TCN-2021-NCLT-02494. The case involves an application IBA/633/2020 before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 1 Apr 2021
- **Citation:** TCN-2021-NCLT-02494
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ravindranath-ge-medical-associates-pvt-ltd-iba-633-2020-c2423d59

## Summary

### Background

The case involves an application IBA/633/2020 before the National Company Law Tribunal (NCLT), Chennai. The applicant's counsel filed a memo of compromise seeking permission to withdraw the application, indicating that the matter has been settled.

## Facts

Vijay Kumar Bhojani filed an application (IBA/633/2020) against Ravindranath GE Medical associates Pvt Ltd under Section 9 Rule 6 of IBC, 2016. The applicant's counsel, Mr. B. Sarath Babu, filed a memo of compromise on April 1, 2021, seeking permission to withdraw the application because the matter had been settled. The court then dismissed the application as withdrawn.

## Issues and analysis

### Issue 1: Whether the application IBA/633/2020 should be dismissed as withdrawn based on the memo of …

**Ratio:** When parties reach a settlement and the applicant seeks to withdraw the application, the

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**Reasoning:** The court accepted the memo of compromise filed by the applicant's counsel, indicating

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**Interpretation:** The legal principle is that parties are free to settle their disputes, and the

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**Application:** In this case, the applicant filed a memo of compromise indicating a settlement

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## Parties

- **Judges:** R. Sucha…; B. Anil…
- **Appellants:** Vijay Kumar…
- **Respondents:** Ravindranath GE…

## Timeline

- **2021-04-01 — Memo of Comprom…**: Counsel for the applicant filed a memo of compromise seeking permission to withdraw the…
- **2021-04-01 — Application D…**: The NCLT dismissed the…

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