# In the matter of Supreme Infrasructure BOT Pvt. Ltd. CP(IB)4187-(MB)-2018

> NCLT judgment dated 2019-04-08. Citation: TCN-2019-NCLT-04060. The case pertains to an insolvency resolution process before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 8 Apr 2019
- **Citation:** TCN-2019-NCLT-04060
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/supreme-infrasructure-bot-pvt-ltd-cpib4187-mb-2018-5e788422

## Summary

### Background

The case pertains to an insolvency resolution process before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter involves Srei Infrastructure Finance Ltd. as the applicant and Supreme Infrastructure BOT Pvt. Ltd. as the respondent. The case is listed under Section 7 of the Insolvency and Bankruptcy Code (IBC).

## Facts

Srei Infrastructure Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code against Supreme Infrastructure BOT Pvt. Ltd. The representatives of both parties were present during the hearing. Settlement talks were ongoing, and due to the intervening summer vacation, the hearing was adjourned with the consent of both parties. The case was scheduled to be listed for settlement on June 10, 2019.

## Issues and analysis

### Issue 1: Whether the adjournment of the hearing due to ongoing settlement talks and intervening summer …

**Ratio:** Adjournments are permissible to facilitate settlement discussions between parties,

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**Reasoning:** The court acknowledged the ongoing settlement talks and the intervening summer vacation

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**Interpretation:** This reflects the court's approach to encourage settlement and efficient

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**Application:** Given the consent of both parties and the practical consideration of the summer

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## Parties

- **Judges:** M.K. Sh…
- **Appellants:** Srei Infrastructur…
- **Respondents:** Supreme Infrastruc…

## Timeline

- **2019-04-08 — Hearing…**: Hearing held where…
- **2019-06-10 — Next Hearin…**: Petition to be listed…

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