Smt. Sudha Reddy and Sri. Rajappa Kantharaja filed a writ petition in the High Court of Karnataka, seeking to quash an order from the NCLT Bengaluru dated 23.02.2022. The petitioners, represented by Sri. Kiran S. Javali, sought to withdraw the petition with the liberty to approach the NCLT on grounds of fraud and fabrication. Chemizol Additives Private Limited, represented by Sri. Aditya Sondhi, opposed the withdrawal. The court considered the arguments and the Apex Court's decision in Sheela Barse vs. Union of India, & Others, 1988 (4) SCC 226, and allowed the withdrawal with liberty to approach the NCLT.

Smt. Sudha Reddy and Sri. Rajappa Kantharaja filed a writ petition in the High Court of Karnataka, seeking to quash an order from the NCLT Bengaluru dated 23.02.2022. The petitioners, represented by Sri. Kiran S. Javali, sought to withdraw the petition with the liberty to approach the NCLT on grounds of fraud and fabrication. Chemizol Additives Private Limited, represented by Sri. Aditya Sondhi, opposed the withdrawal. The court considered the arguments and the Apex Court's decision in Sheela Barse vs. Union of India, & Others, 1988 (4) SCC 226, and allowed the withdrawal with liberty to approach the NCLT.