# In the matter of Air Movement & Control Systems Pvt. Ltd. (IB)-1930(ND)-2019

> NCLT judgment dated 2020-06-17. Citation: TCN-2020-NCLT-01157. The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 17 Jun 2020
- **Citation:** TCN-2020-NCLT-01157
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/air-movement-control-systems-pvt-ltd-ib-1930nd-2019-7da50d8f

## Summary

### Background

The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code. The applicant sought clarification regarding an order dated 2020-06-02. The applicant filed for withdrawal of the company petition.

## Facts

Anil Kumar filed an application/petition against Air Movement & Control. The applicant sought clarification on an order dated 2020-06-02. The applicant then requested to withdraw the company petition. The court clarified that the application filed by the applicant for withdrawal of the company petition is allowed, and the company petition is dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the application for withdrawal of …

**Ratio:** The legal principle applied is the court's discretion to allow the withdrawal of a

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**Reasoning:** The court reasoned that the applicant sought to withdraw the company petition, and after

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**Interpretation:** The interpretation involves understanding the applicant's right to withdraw a

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**Application:** The ratio and reasoning are applied to the specific facts by allowing the

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## Parties

- **Judges:** SH. B.S.V.…; SH. HEMANT KUMAR…
- **Appellants:** Anil K…
- **Respondents:** Air Movement &…

## Timeline

- **2020-06-02 — Order Da…**: Date of the order for which…
- **2020-06-17 — Order Del…**: The court clarified the order and allowed…

## 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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