# In the matter of ACG Hospitality Pvt. Ltd. (IB)-975(PB)-2020

> NCLT judgment dated 2020-11-02. Citation: TCN-2020-NCLT-00309. The case pertains to an application/petition filed by Surender Mohan Bagai against M/s. ACG…

- **Court:** NCLT
- **Order date:** 2 Nov 2020
- **Citation:** TCN-2020-NCLT-00309
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/acg-hospitality-pvt-ltd-ib-975pb-2020-9f5e54a6

## Summary

### Background

The case pertains to an application/petition filed by Surender Mohan Bagai against M/s. ACG Hospitality Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. The matter was heard by the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.

## Facts

Surender Mohan Bagai filed a petition against M/s. ACG Hospitality Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. The petitioner requested the NCLT to dismiss the petition. The NCLT dismissed the petition but granted the petitioner the liberty to file a fresh petition based on the same cause of action. The order was delivered on November 2, 2020.

## Issues and analysis

### Issue 1: Whether the NCLT was justified in dismissing the company petition at the request of the petitioner …

**Ratio:** A petitioner has the right to withdraw their petition, and the court has the discretion

…

**Reasoning:** The NCLT's decision to dismiss the petition at the petitioner's request suggests that the

…

**Interpretation:** The legal interpretation is that the NCLT has the power to allow the withdrawal

…

**Application:** In this specific case, the petitioner, Surender Mohan Bagai, requested the

…

## Parties

- **Judges:** B.S.V. Prakash…; HEMANT KUMAR…
- **Appellants:** Surender Mohan…
- **Respondents:** ACG Hospitality…; M/s. ACG Hospitali…
- **Advocates:** Iswar Moh…

## Timeline

- **2020-11-02 — Order Del…**: The NCLT delivered an order dismissing the company petition at the request of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

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-chandigarh/acg-hospitality-pvt-ltd-ib-975pb-2020-9f5e54a6