# In the matter of Gaurang Doshi Productions Pvt. Ltd. C.P. No.(IB)1435(MB)-2017

> NCLT judgment dated 2019-04-02. Citation: TCN-2019-NCLT-04186. The case pertains to C.P.(IB)-1435(MB)/2017 filed under Section 7 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 2 Apr 2019
- **Citation:** TCN-2019-NCLT-04186
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gaurang-doshi-productions-pvt-ltd-cp-noib1435mb-2017-aa4df08d

## Summary

### Background

The case pertains to C.P.(IB)-1435(MB)/2017 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor sought leave of the court to withdraw the petition.

## Facts

Daimler Financial Services India Pvt Ltd filed a petition against Gaurang Doshi Productions Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor, Daimler Financial Services India Pvt Ltd, sought leave from the National Company Law Tribunal (NCLT), Mumbai Bench, to withdraw the petition. The court allowed the withdrawal, and the petition was subsequently dismissed.

## Issues and analysis

### Issue 1: Whether the Financial Creditor should be granted leave to withdraw the petition filed under Section …

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

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**Reasoning:** The court considered the request of the Ld. Counsel for the Financial Creditor to

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**Interpretation:** This implies that the court acknowledges the Financial Creditor's right to

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**Application:** In this specific case, the court applied its discretion to allow the Financial

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## Parties

- **Judges:** V. P. S…; RavikumarDu…
- **Appellants:** Daimler Financial…
- **Respondents:** Gaurang Doshi…

## Timeline

- **2019-04-02 — Hearing…**: Order sheet of the hearing of Mumbai Bench…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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