# In the matter of Gairmate Chemicals Pvt. Ltd. C.P. (IB) No. 9-9-NCLT-AHM-2019

> NCLT judgment dated 2019-06-10. Citation: TCN-2019-NCLT-02990. The case pertains to C.P. (I.B) No. 9/9/NCLT/AHM/2019 before the Adjudicating Authority,…

- **Court:** NCLT
- **Order date:** 10 Jun 2019
- **Citation:** TCN-2019-NCLT-02990
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gairmate-chemicals-pvt-ltd-cp-ib-no-9-9-nclt-ahm-2019-72483d22

## Summary

### Background

The case pertains to C.P. (I.B) No. 9/9/NCLT/AHM/2019 before the Adjudicating Authority, National Company Law Tribunal, Ahmedabad Bench. The hearing was held on June 10, 2019. The case involves Guru Corporation V/s. Fairmate Chemicals Pvt. Ltd.

## Facts

The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code. The petitioner sought to withdraw the petition, and the court granted permission for the withdrawal. Consequently, the petition was dismissed. The corporate debtor is Fairmate Chemicals Pvt. Ltd.

## Issues and analysis

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

**Ratio:** The court has the discretion to allow or deny the withdrawal of a petition based on the

…

**Reasoning:** The court considered the request of the learned lawyer appearing on behalf of the

…

**Interpretation:** The interpretation involves understanding the procedural rules governing the

…

**Application:** In this case, the court applied its discretion to grant permission for the

…

## Parties

- **Judges:** Manorama…
- **Respondents:** Fairmate Chemicals…; Guru Corpo…
- **Advocates:** Rohan…; Munjaal…

## Timeline

- **2019-06-10 — Hearing…**: Hearing of Ahmedabad Bench of the…
- **2019-06-10 — Order Da…**: CP(IB) 9/2019 is…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/gairmate-chemicals-pvt-ltd-cp-ib-no-9-9-nclt-ahm-2019-72483d22