# In the matter of UHT Projects LLP CP(IB)-8(AHM)2023

> NCLT judgment dated 2023-06-23. Citation: TCN-2023-NCLT-05424. The case involves an application under Section 9 of the IBC. The applicant is Stans Buildtech…

- **Court:** NCLT
- **Order date:** 23 Jun 2023
- **Citation:** TCN-2023-NCLT-05424
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/uht-projects-llp-cpib-8ahm2023-1f963b34

## Summary

### Background

The case involves an application under Section 9 of the IBC. The applicant is Stans Buildtech Development and Marketing Enterprises, and the respondent is UHT Project LLP.

## Facts

The application was filed under Section 9 of the IBC.

The applicant is Stans Buildtech Development and Marketing Enterprises.

The respondent is UHT Project LLP.

The matter has been settled.

The applicant wants to withdraw the application.

The Vakalatnama of Mr. Anmol Bartaria is on record.

Settlement is confirmed by the counsel for the respondent Mr. Dhruvin Dossani.

CP(IB) 8 of 2023 is disposed of as withdrawn.

## Issues and analysis

### Issue 1: Whether the application under Section 9 of IBC can be withdrawn based on settlement between the …

**Ratio:** The court allowed the withdrawal of the application based on the settlement between the

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**Reasoning:** The court confirmed the settlement based on the statements of the counsels for both the

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**Interpretation:** The court interprets that if a settlement is reached between the parties, the

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**Application:** The principle is applied in this case, and the application is allowed to be

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## Parties

- **Judges:** SHAMMI…; Ajai Das Me…
- **Appellants:** Stans Buildtech…
- **Respondents:** UHT Proje…
- **Advocates:** Anmol Bar…; Dhruvin D…

## Timeline

- **2023-06-23 — Order Del…**: Order delivered on 23/06/2023,…
- **2022-10-12 — Vakalatnam…**: Vakalatnama of Mr. Anmol Bartaria…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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