# In the matter of Euphoria Technologies Pvt. Ltd. C.P.(I.B) No. 124-NCLT-AHM-2019

> NCLT judgment dated 2020-05-28. Citation: TCN-2020-NCLT-01300. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 28 May 2020
- **Citation:** TCN-2020-NCLT-01300
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/euphoria-technologies-pvt-ltd-cpib-no-124-nclt-ahm-2019-19e87ee7

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding C.P. (I.B) No. 124/NCLT/AHM/2019. The case involves Rays International as the applicant and Euphoria Technologies Pvt Ltd as the respondent. The order was issued on May 28, 2020.

## Facts

Rays International filed a petition against Euphoria Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code. The petitioner, Rays International, through its learned lawyer, filed a pursis to withdraw the petition. The NCLT Ahmedabad Bench granted permission for the withdrawal. Consequently, the case CP(IB) 124/2019 was dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the petitioner can withdraw the insolvency petition filed under Section 9 of the Insolvency …

**Ratio:** A petitioner has the right to withdraw a petition filed before a court or tribunal,

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**Reasoning:** The court acknowledged the petitioner's request to withdraw the petition and considered

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**Interpretation:** The right to withdraw a petition is generally recognized, but it is subject to

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**Application:** In this case, the petitioner sought to withdraw the petition, and the court

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** Rays Intern…
- **Respondents:** Euphoria Technolog…

## Timeline

- **2019-01-01 — Case Fil…**: C.P. (I.B) No.…
- **2020-05-28 — Order Is…**: The NCLT, Ahmedabad Bench, dismissed CP(IB) 124/2019 as withdrawn after the petitioner…

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