# In the matter of Altrium Infoconn Pvt. Ltd. C.P. (I.B) No. 558-7-NCLT-AHM-2019

> NCLT judgment dated 2019-09-03. Citation: TCN-2019-NCLT-01624. The case pertains to a petition filed under Section 7 of the Insolvency and Bankruptcy Code.…

- **Court:** NCLT
- **Order date:** 3 Sept 2019
- **Citation:** TCN-2019-NCLT-01624
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/altrium-infoconn-pvt-ltd-cp-ib-no-558-7-nclt-ahm-2019-0b7c0f95

## Summary

### Background

The case pertains to a petition filed under Section 7 of the Insolvency and Bankruptcy Code. The petitioner filed a withdrawal pursis in view of the admission in CP(IB) 181/2019 filed against the same Corporate Debtor.

## Facts

State Bank of India filed a petition against Atrium Infoconn Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code. Subsequently, State Bank of India filed a withdrawal pursis because another petition, CP(IB) 181/2019, against the same corporate debtor, Atrium Infoconn Pvt. Ltd., had already been admitted. The instant petition, CP(IB) No. 558/2019, was therefore deemed infructuous. The court granted permission for the withdrawal.

## Issues and analysis

### Issue 1: Whether the petitioner's request for withdrawal of the petition CP(IB) 558/2019 should be granted, …

**Ratio:** A petitioner can withdraw a petition if another petition against the same corporate

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**Reasoning:** The court reasoned that since CP(IB) 181/2019 was already admitted against the same

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**Interpretation:** This interpretation acknowledges the principle that when multiple petitions are

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** State Bank of…
- **Respondents:** Atrium Infoconn…
- **Advocates:** M.A. G…; BMKSHAMA…

## Timeline

- **2019-09-03 — Hearing of Ahmedabad…**: The National Company Law Tribunal…
- **2019-01-01 — Admission of CP(IB)…**: CP(IB) 181/2019 was admitted…

## 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)

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