# In the matter of Wodehouse Capital Advisors Pvt. Ltd. CP(IB)-1128(MB)-2017

> NCLT judgment dated 2019-04-08. Citation: TCN-2019-NCLT-04068. The case pertains to a matter before the National Company Law Tribunal (NCLT), Mumbai Bench.…

- **Court:** NCLT
- **Order date:** 8 Apr 2019
- **Citation:** TCN-2019-NCLT-04068
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/wodehouse-capital-advisors-pvt-ltd-cpib-1128mb-2017-0280ed37

## Summary

### Background

The case pertains to a matter before the National Company Law Tribunal (NCLT), Mumbai Bench. The order sheet reflects the hearing of a case involving Alefiya S. Khorakiwala and Wodehouse Capital Advisors Pvt. Ltd. The matter is related to Section 7 of the Insolvency and Bankruptcy Act. The representatives of both sides were present, and an adjournment was sought based on the ongoing settlement negotiations.

## Facts

The case involves Alefiya S. Khorakiwala and Wodehouse Capital Advisors Pvt. Ltd. The matter is being heard by the Mumbai Bench of the National Company Law Tribunal (NCLT). The case is related to Section 7 of the Insolvency and Bankruptcy Act. Both parties' representatives were present at the hearing. An adjournment was requested by consent, citing ongoing settlement negotiations. Previous adjournments were granted for the same reason. The court granted a final adjournment to allow settlement, with the aim of disposing of the Company Petitions. The case was adjourned to 23.04.2019.

## Issues and analysis

### Issue 1: Whether the NCLT should grant an adjournment to allow the parties to continue settlement …

**Ratio:** Courts generally have the discretion to grant adjournments to facilitate settlement

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**Reasoning:** The court reasoned that granting a final adjournment would provide the parties with a

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**Interpretation:** The interpretation is that the court is willing to provide opportunities for

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**Application:** In this specific case, the court applied the ratio by granting a final

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## Parties

- **Judges:** M.K. Sh…
- **Appellants:** Alefiya S.…
- **Respondents:** Wodehouse Capital…

## Timeline

- **2019-04-08 — Hearing…**: Hearing of the case…
- **2019-04-23 — Adjournmen…**: Case adjourned to 23.04.2019 for…

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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/wodehouse-capital-advisors-pvt-ltd-cpib-1128mb-2017-0280ed37