# In the matter of Easun Reyolle Ltd. C.P. (IB) No. 219-9-NCLT-AHM-2019

> NCLT judgment dated 2019-06-18. Citation: TCN-2019-NCLT-02856. The case pertains to CP(IB) No. 219/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National…

- **Court:** NCLT
- **Order date:** 18 Jun 2019
- **Citation:** TCN-2019-NCLT-02856
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/easun-reyolle-ltd-cp-ib-no-219-9-nclt-ahm-2019-053b13ac

## Summary

### Background

The case pertains to CP(IB) No. 219/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal. The matter involves System Electronics Laboratory as the applicant and Easun Reyrolle Ltd. as the respondent. The application was filed under Section 9 of the Insolvency and Bankruptcy Code.

## Facts

System Electronics Laboratory filed an application against Easun Reyrolle Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The learned lawyer representing the petitioner sought to withdraw the petition, filing a pursis for the same. The court granted permission for the withdrawal and dismissed the case, CP(IB) 219/2019, as withdrawn, allowing the petitioner the liberty to file the case before the appropriate jurisdiction.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted …

**Ratio:** The court has the discretion to allow the withdrawal of a petition if it deems fit,

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**Reasoning:** The court granted permission based on the pursis filed by the petitioner's lawyer,

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**Interpretation:** This implies that the court interprets the law to allow petitioners to withdraw

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**Application:** The court applied this principle by allowing System Electronics Laboratory to

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** System Electronics…
- **Respondents:** Easun Reyrolle…
- **Advocates:** Karishma…; Nisang N. T…

## Timeline

- **2019-06-18 — Hearing of Ahmedabad…**: Hearing of the National Company Law Tribunal on 18.06.2019 where the petition was…

## 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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