# In the matter of D C W Ltd. CP(IB) 51 of 2020

> NCLT judgment dated 2020-12-01. Citation: TCN-2020-NCLT-00194. The case pertains to a matter before the National Company Law Tribunal (NCLT), Ahmedabad Bench,…

- **Court:** NCLT
- **Order date:** 1 Dec 2020
- **Citation:** TCN-2020-NCLT-00194
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/d-c-w-ltd-cpib-51-of-2020-5670003b

## Summary

### Background

The case pertains to a matter before the National Company Law Tribunal (NCLT), Ahmedabad Bench, Court 1. The hearing was conducted through video conferencing. The case involves Sridhar V Iyer V/s DCW Ltd.

## Facts

The case involves Sridhar V Iyer as the applicant and DCW Ltd. The operational creditor, represented by Ms. Aditi Sharma, filed a withdrawal pursis. The NCLT, Ahmedabad Bench, granted permission for the withdrawal, leading to the matter being withdrawn and disposed of. The hearing was conducted via video conferencing on December 1, 2020.

## Issues and analysis

### Issue 1: Whether the withdrawal pursis filed by the …

**Ratio:** The tribunal has the discretion to allow or disallow a withdrawal pursis based on the

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**Reasoning:** The NCLT granted permission for the withdrawal, indicating that it found the withdrawal

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**Interpretation:** The tribunal interpreted the relevant provisions of the Insolvency and

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**Application:** In this specific case, the tribunal applied its discretion and the relevant

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## Parties

- **Judges:** Madan B.…; Virendra Kumar…
- **Appellants:** Sridhar V…
- **Respondents:** DCW…
- **Advocates:** Aditi S…

## Timeline

- **2020-12-01 — Hearing…**: Hearing conducted through video conferencing…
- **2020-12-01 — Order Da…**: Withdrawal pursis filed, permission granted,…

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