# In the matter of Ananda Enterprises (I) Pvt. Ltd. CP(IB) No. 200-9-AMR-2019

> NCLT judgment dated 2020-02-10. Citation: TCN-2020-NCLT-02018. The case pertains to a Company Petition/Application filed under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 10 Feb 2020
- **Citation:** TCN-2020-NCLT-02018
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ananda-enterprises-i-pvt-ltd-cpib-no-200-9-amr-2019-9d330a8d

## Summary

### Background

The case pertains to a Company Petition/Application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The matter was brought before the National Company Law Tribunal (NCLT), Amaravathi Bench. The attendance-cum-order sheet indicates a hearing held on February 10, 2020.

## Facts

The case involves a Company Petition/Application with the number CP(IB) NO. 200/9/AMR/2019. Ananda Enterprises (I) Pvt Ltd is listed as both the Company and the Respondent. Omshree Agro Tech Pvt Ltd is listed as the Petitioner. The petition was filed under Section 9 of the IBC. A joint memo was filed by both parties on 2020-02-04. The petition was dismissed as withdrawn on 2020-02-10 under Rule-8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016.

## Issues and analysis

### Issue 1: Whether the Company Petition should be dismissed as withdrawn based on the joint memo filed by the …

**Ratio:** Rule-8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules

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**Reasoning:** The NCLT accepted the joint memo filed by the parties and their counsel, indicating their

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**Interpretation:** Rule-8 provides a mechanism for parties to resolve their disputes outside of

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**Application:** In this case, the filing of the joint memo and its acceptance by the NCLT led

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## Parties

- **Judges:** Janab Mohammed…
- **Appellants:** Omshree Agro Tech…
- **Respondents:** Ananda Enterprises…

## Timeline

- **2020-02-04 — Joint Memo…**: Counsel for both sides filed a joint memo…
- **2020-02-10 — Hearing…**: Hearing held and the Company…

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