# In the matter of Coastal Energen Private Ltd. IBA-156-2020

> NCLT judgment dated 2020-12-09. Citation: TCN-2020-NCLT-00116. The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The advocate…

- **Court:** NCLT
- **Order date:** 9 Dec 2020
- **Citation:** TCN-2020-NCLT-00116
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/coastal-energen-private-ltd-iba-156-2020-0ed265a8

## Summary

### Background

The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The advocate for the petitioner sought withdrawal of the petition, and the advocate for the respondent had no objection to this request.

## Facts

Black Bum Fuels Pvt Ltd filed a petition against Coastal Energen Private Ltd under Section 9 Rule 6 of the IBC. The petitioner's advocate, Ms. Anbarasi Rajendran, sought to withdraw the petition. Mr. Anant Merathia, the respondent's advocate, did not object to the withdrawal. The hearing was conducted via video conferencing. The court considered the representation and Rule 8 of I&B (AAA) Rules, 2016.

## Issues and analysis

### Issue 1: Whether the petition filed by Black Bum Fuels Pvt Ltd against Coastal Energen Private Ltd should be …

**Ratio:** A petition can be dismissed as withdrawn if the petitioner requests withdrawal and the

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**Reasoning:** The court reasoned that since the petitioner sought withdrawal and the respondent did not

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**Interpretation:** This interpretation suggests that the court gives weight to the petitioner's

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**Application:** In this specific case, the petitioner, Black Bum Fuels Pvt Ltd, requested to

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## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** Black Bum Fuels…
- **Respondents:** Coastal Energen…

## Timeline

- **2020-12-09 — Hearing…**: Hearing held on 09.12.2020 at 02.30…

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