# In the matter of Simplex Infrastructure Limited C.P. (IB)-1039(KB)2020

> NCLT judgment dated 2022-05-06. Citation: TCN-2022-NCLT-02854. The case involves a matter between Mahalaxmi Brick Field through Balaram Singh Chauhan and…

- **Court:** NCLT
- **Order date:** 6 May 2022
- **Citation:** TCN-2022-NCLT-02854
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/simplex-infrastructure-limited-cp-ib-1039kb2020-ba2c5147

## Summary

### Background

The case involves a matter between Mahalaxmi Brick Field through Balaram Singh Chauhan and Simplex Infrastructures Limited. The matter was brought before the National Company Law Tribunal (NCLT), Kolkata Bench, under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

Mahalaxmi Brick Field through Balaram Singh Chauhan initiated a case against Simplex Infrastructures Limited under Section 9 of the IBC. During the proceedings before the NCLT Kolkata Bench, both parties informed the court that they had reached a settlement outside of the court. Consequently, the court recorded the submissions and dismissed the case as withdrawn.

## Issues and analysis

### Issue 1: Whether the settlement reached between Mahalaxmi Brick Field and Simplex Infrastructures Limited …

**Ratio:** When parties to a case under the IBC inform the court that they have settled the matter

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**Reasoning:** The court's reasoning is based on the principle that parties are free to resolve their

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**Interpretation:** This legal issue involves the interpretation of the court's power to dismiss a

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**Application:** In this specific case, the parties informed the court that they had settled the

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## Parties

- **Judges:** Rajasekha…; Balraj…
- **Appellants:** Mahalaxmi Brick…
- **Respondents:** SIMPLEX INFRASTRUC…

## Timeline

- **2022-05-06 — Hearing…**: Hearing held on May 6th, 2022, at 10:30 A.M. Both parties submitted that the matter has…

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