# In the matter of Kedar Nath Roller Flour Mills Pvt. Ltd. CP No. (IB)247-ALD-2019

> NCLT judgment dated 2022-02-14. Citation: TCN-2022-NCLT-04155. The case pertains to CP No.(IB)247/ALD/2019 filed under Section 7 of the IBC. The hearing took…

- **Court:** NCLT
- **Order date:** 14 Feb 2022
- **Citation:** TCN-2022-NCLT-04155
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/kedar-nath-roller-flour-mills-pvt-ltd-cp-no-ib247-ald-2019-0ee8ea76

## Summary

### Background

The case pertains to CP No.(IB)247/ALD/2019 filed under Section 7 of the IBC. The hearing took place on February 14, 2022, at 2:30 PM. The parties involved are Anjani Agarwal (financial creditor) and Kedarnath Roller Flour Mills Pvt Ltd (corporate debtor).

## Facts

An application, CP No.(IB)247/ALD/2019, was filed under Section 7 of the IBC. During the hearing on February 14, 2022, both the financial creditor (represented by Sh. Nishant Mehrotra) and the corporate debtor (represented by Sh. Ankit Kumar Singh) reported that they had reached a settlement out of court. Consequently, the court dismissed the application as withdrawn.

## Issues and analysis

### Issue 1: Whether the application CP No.(IB)247/ALD/2019 should be dismissed as withdrawn due to a settlement …

**Ratio:** When parties to a case report a settlement out of court, the court may dismiss the case

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**Reasoning:** The court accepted the submission of both parties that they had reached a settlement.

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

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**Application:** Since both parties, including the financial creditor who initiated the

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## Parties

- **Judges:** Rajasekha…; Virendra Kumar…
- **Appellants:** Anjani Ag…
- **Respondents:** Kedarnath Roller…

## Timeline

- **2022-02-14 — Hearing…**: Hearing of CP…
- **2022-02-14 — Case Dism…**: CP No.(IB)247/ALD/2019 was dismissed as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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