# In the matter of Eiffel India Infraprojects Private Limited C.P. (IB)-988-MB-2019

> NCLT judgment dated 2021-07-14. Citation: TCN-2021-NCLT-01756. The case involves Bigbloc Construction Limited as the petitioner and Eiffel India Infraprojects…

- **Court:** NCLT
- **Order date:** 14 Jul 2021
- **Citation:** TCN-2021-NCLT-01756
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/eiffel-india-infraprojects-private-limited-cp-ib-988-mb-2019-9d1f5f8c

## Summary

### Background

The case involves Bigbloc Construction Limited as the petitioner and Eiffel India Infraprojects Private Limited as the respondent. The petitioner sought to withdraw the company petition bearing No. 988/2019, citing a settlement between the parties.

## Facts

Bigbloc Construction Limited filed a company petition (No. 988/2019) against Eiffel India Infraprojects Private Limited. During the hearing, the counsel for Bigbloc Construction Limited requested permission to withdraw the petition. The reason for the withdrawal was that the matter had been settled between the parties. The Operational Creditor, presumably Bigbloc Construction Limited, had received the entire amount owed. The court granted permission for the withdrawal, and the petition was disposed of.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted permission to withdraw the company petition based on a …

**Ratio:** A company petition can be withdrawn if the parties have settled the matter and the

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**Reasoning:** The court reasoned that since the matter was settled between the parties and the

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**Interpretation:** This case interprets the provisions related to the withdrawal of a company

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**Application:** In this specific case, the court applied the principle by granting permission

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## Parties

- **Judges:** H.V. Subb…; Chandra Bha…
- **Appellants:** Bigbloc Constructi…
- **Respondents:** Eiffel India…

## Timeline

- **2021-07-14 — Hearing of Mum…**: Order sheet of the hearing of Mumbai Bench…

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