# In the matter of Shri Govindaraja Mills Pvt. Ltd. > NCLT judgment dated 2024-01-11. Citation: TCN-2024-NCLT-03119. The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The parties… - **Court:** NCLT - **Order date:** 11 Jan 2024 - **Citation:** TCN-2024-NCLT-03119 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/shri-govindaraja-mills-pvt-ltd-892674fd ## Summary ### Background The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The parties involved have reached a settlement agreement. ## Facts A petition was filed under the IBC. The petitioner and respondent entered into a settlement agreement, documented in a Memorandum of Settlement filed on 2023-01-11. Both parties agreed to withdraw the case, which was confirmed by their respective counsels. The court considered the settlement and allowed the withdrawal. ## Issues and analysis ### Issue 1: Whether the case can be disposed of as withdrawn based on the settlement agreement between the … **Ratio:** A case can be disposed of as withdrawn if the parties have entered into a settlement … **Reasoning:** The court accepted the submission of the petitioner's counsel and the confirmation from … **Interpretation:** The legal principle allows for the disposal of a case when parties reach a … **Application:** In this case, the parties reached a settlement agreement, and both counsels … ## Parties - **Judges:** JYOTI KUMAR…; RAVICHANDRAN… - **Appellants:** Rajendra Agro… - **Respondents:** Govindaraja Mills… - **Advocates:** R.Mukun…; Pawan Jh… ## Timeline - **2023-01-11 — Memorandum of…**: Counsel for the Petitioner submitted that… - **2024-01-11 — Hearing…**: Hearing held on 2024-01-11 at 10.30… --- 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-division-bench-court-i-chenn/shri-govindaraja-mills-pvt-ltd-892674fd