# In the matter of Anand Chromates Pvt. Ltd. CP-1428-IB-2018

> NCLT judgment dated 2019-04-09. Citation: TCN-2019-NCLT-03988. The case pertains to CP/1428/IB/2018 filed before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 9 Apr 2019
- **Citation:** TCN-2019-NCLT-03988
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/anand-chromates-pvt-ltd-cp-1428-ib-2018-96301652

## Summary

### Background

The case pertains to CP/1428/IB/2018 filed before the National Company Law Tribunal (NCLT), Chennai Bench. The Operational Creditor's counsel filed a withdrawal memo.

## Facts

The key fact is the filing of a withdrawal memo by the Operational Creditor's counsel in CP/1428/IB/2018. Based on this withdrawal memo, the NCLT dismissed the case. The petitioner is P Kumeresan and the respondent is Anand Chromates Pvt Ltd.

## Issues and analysis

### Issue 1: Whether the withdrawal memo filed by the Operational Creditor's counsel is sufficient grounds for …

**Ratio:** The legal principle is that a party has the right to withdraw a case filed by them. The

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**Reasoning:** The court's reasoning is based on the procedural aspect of allowing a party to withdraw a

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**Interpretation:** The interpretation is that the court acknowledges the right of the Operational

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**Application:** The ratio and reasoning are applied to the specific fact that the Operational

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** P KUMER…
- **Respondents:** ANAND CHROMATES…

## Timeline

- **2019-04-09 — Hearing…**: Hearing held at 10.30…
- **N/A — Withdrawa…**: Operational Creditor counsel…

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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/anand-chromates-pvt-ltd-cp-1428-ib-2018-96301652