# In the matter of Anmol Feeds Private Limited C.P. (IB)-153(KB)2022

> NCLT judgment dated 2022-12-13. Citation: TCN-2022-NCLT-00173. The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The…

- **Court:** NCLT
- **Order date:** 13 Dec 2022
- **Citation:** TCN-2022-NCLT-00173
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/anmol-feeds-private-limited-cp-ib-153kb2022-add3f246

## Summary

### Background

The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The Operational Creditor and Corporate Debtor have settled the matter between themselves.

## Facts

Adrika Health Food Private Limited filed a petition against Anmol Feeds Private Limited under the IBC, specifically Section 9. During the hearing on December 13, 2022, the counsel for the Operational Creditor, Adrika Health Food Private Limited, stated that the matter had been settled between the parties and sought to withdraw the petition. The court then dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petition filed by the Operational Creditor should be dismissed based on the settlement …

**Ratio:** When parties to a legal proceeding reach a settlement, the court may allow the withdrawal

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**Reasoning:** The court accepted the statement of the Operational Creditor's counsel that the matter

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**Interpretation:** This reflects the principle that courts generally respect and facilitate

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**Application:** In this case, the court applied the principle by allowing the Operational

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## Parties

- **Judges:** RohitKa…; Balraj…
- **Appellants:** Adrika Health…
- **Respondents:** Anmol Feeds…

## Timeline

- **2022-12-13 — Hearing…**: Hearing held on December 13, 2022, where the Operational Creditor's counsel stated that…
- **2022-12-13 — Petition Di…**: The petition was dismissed as withdrawn following the statement of settlement by the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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