# In the matter of Parameswara Poultry Farm Private Limited

> NCLT judgment dated 2025-05-08. Citation: TCN-2025-NCLT-01077. An application was filed by the Liquidator to be discharged from his duties following an order…

- **Court:** NCLT
- **Order date:** 8 May 2025
- **Citation:** TCN-2025-NCLT-01077
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/parameswara-poultry-farm-private-limited-db3741bc

## Summary

### Background

An application was filed by the Liquidator to be discharged from his duties following an order dated 09.04.2025 passed in Company Appeal (AT) (CH) (Ins) No. 103/2022 by the Hon'ble NCLAT, Chennai.

## Facts

Mr. Kasa Venkata Ramaniah, Liquidator, filed an application to be discharged from his duties.

The application was filed in view of an order dated 09.04.2025 passed by NCLAT, Chennai.

The NCLAT order was based on a settlement between the parties.

A bank letter dated 27.03.2025 referred to the settlement.

The Tribunal allowed the application and discharged the Liquidator.

## Issues and analysis

### Issue 1: Whether the Liquidator should be discharged from his duties in light of the settlement between the …

**Ratio:** The settlement between the parties, as recognized by the NCLAT order, renders the

…

**Reasoning:** The Tribunal considered the NCLAT order

…

**Interpretation:** The settlement effectively resolves the matter, making the continuation of the

…

**Application:** The Liquidator is discharged from his duties and directed to handover the

…

## Parties

- **Judges:** Rammurti Ku…; SH. CHARAN…
- **Respondents:** Parameshwara…
- **Other parties:** Kasa Venkata…; Shiva Parvati…

## Timeline

- **2025-05-08 — Hearing…**: Attendance cum order sheet of the…
- **2025-04-09 — NCLAT Or…**: Order dated 09.04.2025 passed in Company Appeal (AT) (CH) (Ins) No. 103/2022 by the…

---

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-hyderabad/parameswara-poultry-farm-private-limited-db3741bc