Translation:Peter does not want to talk to Neha.
It is similar to 'काम'. काम is a noun meaning 'work/job/task'. करना means 'to do'. काम करना is a verb meaning 'to do work' or simply 'to work'.
बात is a noun that means 'talk(noun)/ chat etc'. Adding करना to it will make an infinitive verb meaning 'to do chat/ to do conversation/ to do dialogue' or simply 'to talk'.