# In the matter of Anjana Electricals & Engineering Pvt. Ltd. IBA-142-IB-2019

> NCLT judgment dated 2019-04-30. Citation: TCN-2019-NCLT-03630. The case pertains to IBA/142/IB/2019, filed before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 30 Apr 2019
- **Citation:** TCN-2019-NCLT-03630
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/anjana-electricals-engineering-pvt-ltd-iba-142-ib-2019-5a3200f2

## Summary

### Background

The case pertains to IBA/142/IB/2019, filed before the National Company Law Tribunal (NCLT), Chennai Bench. The matter was listed for hearing on April 30, 2019. The Operational Creditor filed a withdrawal memo.

## Facts

The case involves an application with the petition number IBA/142/IB/2019. The petitioner is FOMRA ELECTRICALS, and the respondent is ANJANA ELECTRICALS & ENGINEERING PVT LTD. The application was filed under 9 RULE 6. The Operational Creditor's counsel filed a withdrawal memo, leading to the dismissal of the case.

## Issues and analysis

### Issue 1: Whether the application IBA/142/IB/2019 should be dismissed based on the withdrawal memo filed by …

**Ratio:** When a party seeks to withdraw an application, the court has the discretion to dismiss

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**Reasoning:** The court considered the withdrawal memo filed by the Operational Creditor's counsel.

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**Interpretation:** The legal interpretation is that an applicant has the right to withdraw their

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**Application:** In this specific case, the Operational Creditor, FOMRA ELECTRICALS, sought to

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** Fomra Elect…
- **Respondents:** ANJANA ELECTRICALS…

## Timeline

- **2019-04-30 — Hearing…**: Hearing held at 10:30…
- **2019-04-30 — Order…**: Application IBA/142/IB/2019 dismissed as withdrawn based on the withdrawal memo filed by…

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