# In the matter of Ford Credit India Pvt. Ltd. Vs. Girish Bhatia, vide CP No. (IB)-305-ND-2021

> NCLT judgment dated 2021-07-23. Citation: TCN-2021-NCLT-01644. M/s. Ford Credit India Pvt. Ltd. filed an application/petition against Mr. Girish Bhatia under…

- **Court:** NCLT
- **Order date:** 23 Jul 2021
- **Citation:** TCN-2021-NCLT-01644
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ford-credit-india-pvt-ltd-vs-girish-bhatia-vide-cp-no-e5fc6e0f

## Summary

### Background

M/s. Ford Credit India Pvt. Ltd. filed an application/petition against Mr. Girish Bhatia under Section 95(1). The Petitioner sought permission to withdraw the application.

## Facts

M/s. Ford Credit India Pvt. Ltd. initiated proceedings against Mr. Girish Bhatia under Section 95(1). During the proceedings, the counsel for the petitioner sought permission to withdraw the application. The court considered the arguments and granted the permission, leading to the dismissal of the petition. The petitioner retains the right to refile the application in accordance with the law.

## Issues and analysis

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

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

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**Reasoning:** The court heard the arguments presented by the counsel for the petitioner and found merit

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**Interpretation:** The legal principle is that a petitioner can withdraw an application with the

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**Application:** In this case, the court applied the principle by allowing M/s. Ford Credit

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## Parties

- **Judges:** SHRI. ABNI RANJAN…; Shri. L. N.…
- **Appellants:** M/s. Ford Credit…
- **Respondents:** Girish B…

## Timeline

- **2021-07-23 — Order Del…**: The order was delivered…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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