# In the matter of Sri Vishnu Annamalaiyar  Paper Mills Ltd. CP-1363-IB-2018

> NCLT judgment dated 2019-04-04. Citation: TCN-2019-NCLT-04133. The case pertains to a Company Petition filed under CP/1363/IB/2018. The Financial Creditor's…

- **Court:** NCLT
- **Order date:** 4 Apr 2019
- **Citation:** TCN-2019-NCLT-04133
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sri-vishnu-annamalaiyar-paper-mills-ltd-cp-1363-ib-2018-6095df91

## Summary

### Background

The case pertains to a Company Petition filed under CP/1363/IB/2018. The Financial Creditor's counsel sought dismissal of the petition.

## Facts

The key fact is that the parties involved in the Company Petition CP/1363/IB/2018 reached a settlement. As a result of this settlement, the Financial Creditor's counsel requested the dismissal of the petition. The court then dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the Company Petition CP/1363/IB/2018 should be dismissed based on the settlement reached …

**Ratio:** When parties involved in a legal dispute reach a settlement, the court may dismiss the

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**Reasoning:** The court reasoned that since the parties had arrived at a settlement and the Financial

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

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**Application:** In this specific case, the ratio and reasoning were applied to the fact that

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** S.VIVEKAN…
- **Respondents:** VISHNU ANNAMALAIYA…

## Timeline

- **2019-04-04 — Hearing…**: Hearing held at 10:30…
- **N/A — Settleme…**: Parties reported that…

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