# In the matter of Bliss Inns Pvt. Ltd. IB- 3503-(ND)-2019

> NCLT judgment dated 2021-04-16. Citation: TCN-2021-NCLT-02356. The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code…

- **Court:** NCLT
- **Order date:** 16 Apr 2021
- **Citation:** TCN-2021-NCLT-02356
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/bliss-inns-pvt-ltd-ib-3503-nd-2019-a20ea68a

## Summary

### Background

The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant and respondent are Tripoto Travel Pvt. Ltd. and Bliss Inns Pvt. Ltd., respectively. The matter was listed before the National Company Law Tribunal (NCLT), New Delhi.

## Facts

Tripoto Travel Pvt. Ltd. filed an application against Bliss Inns Pvt. Ltd. under Section 9 of the IBC. During the proceedings, the applicant, represented by Mr. Ashish and Ms. Shashi, stated that the parties had reached an amicable settlement. Based on this settlement, they requested the court to allow them to withdraw the application. The court considered the settlement and the request for withdrawal.

## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of the IBC can be withdrawn based on an amicable …

**Ratio:** An application can be withdrawn if the parties have amicably settled the matter and

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**Reasoning:** The court reasoned that since the parties had settled the matter amicably and jointly

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**Interpretation:** The interpretation is that the court has the discretion to allow the withdrawal

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**Application:** In this specific case, the applicant and respondent reached an amicable

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## Parties

- **Judges:** DEEPTI M…; SUMITAPURKA…
- **Appellants:** Tripoto Travel…
- **Respondents:** Bliss Inns Pvt.…

## Timeline

- **2021-04-16 — Order Del…**: Order delivered on 16.04.2021, allowing the…

## 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)

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