# In the matter of Roadway Solutions India Infra Limited

> NCLT judgment dated 2024-08-20. Citation: TCN-2024-NCLT-00781. The case involves Kataline Infra-Products Private Limited as the operational creditor and…

- **Court:** NCLT
- **Order date:** 20 Aug 2024
- **Citation:** TCN-2024-NCLT-00781
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/roadway-solutions-india-infra-limited-2c6fb1bd

## Summary

### Background

The case involves Kataline Infra-Products Private Limited as the operational creditor and Roadway Solutions India Infra Limited as the corporate debtor. The corporate debtor has reportedly paid the outstanding money claimed in the petition. An application under section 12A of the Code is expected to be filed to remove the corporate debtor from CIRP.

## Facts

Kataline Infra-Products Private Limited initiated insolvency proceedings against Roadway Solutions India Infra Limited. The Corporate Debtor, Roadway Solutions India Infra Limited, has reportedly paid the entire outstanding amount claimed in the petition. The Operational Creditor's counsel confirmed this payment. An application under Section 12A of the Insolvency and Bankruptcy Code is expected to be filed to withdraw the Corporate Debtor from the CIRP. The initial order admitting CP 33/2024 was passed on 20.08.2024. The court then stayed the operation of the order admitting CP 33/2024.

## Issues and analysis

### Issue 1: Whether the operation of the order admitting CP 33/2024 should be stayed given the Corporate …

**Ratio:** When a corporate debtor has paid the outstanding debt claimed in an insolvency petition,

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**Reasoning:** The court reasoned that since the Corporate Debtor has paid the outstanding amount and an

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**Interpretation:** Section 12A of the Insolvency and Bankruptcy Code allows for the withdrawal of

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**Application:** The court applied this principle by staying the operation of the order

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## Parties

- **Judges:** SH. PRABHAT…; V.G. B…
- **Appellants:** KATALINE INFRA-PRO…
- **Respondents:** Roadway Solutions…

## Timeline

- **2024-08-20 — Order Pa…**: Order passed admitting…
- **2024-08-20 — Hearing…**: Hearing on 20.08.2024 where 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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