# In the matter of Amarparkash Rice Exports Pvt. Ltd. CP(IB) No. 395-Chd-PB-2019

> NCLT judgment dated 2022-07-06. Citation: TCN-2022-NCLT-04605. The case involves a petition filed by Kaur Sain Ved Parkash against Amarprakash Rice Exports…

- **Court:** NCLT
- **Order date:** 6 Jul 2022
- **Citation:** TCN-2022-NCLT-04605
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/amarparkash-rice-exports-pvt-ltd-cpib-no-395-chd-pb-2019-15a1bc81

## Summary

### Background

The case involves a petition filed by Kaur Sain Ved Parkash against Amarprakash Rice Exports Pvt. Ltd. under Section 9 of the IBC, 2016.

## Facts

Kaur Sain Ved Parkash filed a petition against Amarprakash Rice Exports Pvt. Ltd.

CIRP has already been initiated against Amarprakash Rice Exports Pvt. Ltd. vide order dated 24.06.2022 in CP(IB) No.169/Chd/Pb/2021; Raj Kumar Singla versus Amarprakash Rice Exports Pvt. Ltd.

The petitioner sought to withdraw the petition with liberty to prefer the claim before the Resolution Professional.

The court dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petitioner should be allowed to withdraw the petition with liberty to prefer the claim …

**Ratio:** The court considered the circumstances and the statement made by the learned counsel for

…

**Reasoning:** The petitioner expressed a desire to withdraw the petition to pursue the claim before the

…

**Interpretation:** The court interpreted the petitioner's request as a valid reason to allow the

…

**Application:** The court applied the principle of allowing withdrawal when it serves the

…

## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Appellants:** Kaur Sain Ved…
- **Respondents:** Amarprakash Rice…
- **Advocates:** Varun…; Viren S…

## Timeline

- **2022-06-24 — CIRP Init…**: CIRP initiated against Amarprakash Rice Exports Pvt. Ltd. vide order in CP(IB)…
- **2022-07-06 — Order Da…**: Order passed dismissing…

## 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)

---

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/amarparkash-rice-exports-pvt-ltd-cpib-no-395-chd-pb-2019-15a1bc81