# In the matter of Asset Reconstruction Company (India) Ltd. IA 484-2018 In C.P. (I.B) No. 127-NCLT-AHM-2017

> NCLT judgment dated 2019-01-25. Citation: TCN-2019-NCLT-05160. The document is an attendance-cum-order sheet from the Ahmedabad Bench of the National Company…

- **Court:** NCLT
- **Order date:** 25 Jan 2019
- **Citation:** TCN-2019-NCLT-05160
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/asset-reconstruction-company-india-ltd-ia-484-2018-in-cp-ib-no-127-nclt-ahm-2017-0b772ba7

## Summary

### Background

The document is an attendance-cum-order sheet from the Ahmedabad Bench of the National Company Law Tribunal (NCLT). It pertains to IA 484 of 2018 in C.P. (I.B) No. 127/NCLT/AHM/2017. The case involves the State Tax Officer versus Asset Reconstruction Company (India) Ltd.

## Facts

The case involves IA 484 of 2018 in C.P. (I.B) No. 127/NCLT/AHM/2017 before the Ahmedabad Bench of the NCLT. The parties involved are the State Tax Officer and Asset Reconstruction Company (India) Ltd. The applicant sought to withdraw an application, and the court allowed the withdrawal, dismissing the IA 484/2018.

## Issues and analysis

### Issue 1: Whether the applicant's request to withdraw …

**Ratio:** The court has the discretion to allow or disallow the withdrawal of an application based

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**Reasoning:** The court considered the applicant's request to withdraw the application, supported by

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**Interpretation:** The court interpreted the applicant's action as a voluntary decision to

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**Application:** Given the applicant's request and the absence of any apparent impediment, the

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** State Tax O…
- **Respondents:** Asset Reconstructi…
- **Advocates:** Pearar F…

## Timeline

- **2019-01-25 — Order Da…**: IA 484/2018 in CP(IB) 127/2017…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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