# In the matter of Golden Anchor Logistics Pvt. Ltd. MA-912-2019 in IBA-407-2019

> NCLT judgment dated 2019-12-18. Citation: TCN-2019-NCLT-00111. The application MA/912/2019 in IBA/407/2019 was filed. The Resolution Professional (RP) sought…

- **Court:** NCLT
- **Order date:** 18 Dec 2019
- **Citation:** TCN-2019-NCLT-00111
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/golden-anchor-logistics-pvt-ltd-ma-912-2019-in-iba-407-2019-2756ecb4

## Summary

### Background

The application MA/912/2019 in IBA/407/2019 was filed. The Resolution Professional (RP) sought withdrawal of the application, citing the filing of an application under Section 12A, which was allowed by the Tribunal.

## Facts

The Resolution Professional (RP) filed an application MA/912/2019 in IBA/407/2019. The RP then sought to withdraw the application. The basis for the withdrawal request was the filing and allowance of an application under Section 12A of an unspecified act. The Tribunal considered the RP's representation and allowed the withdrawal.

## Issues and analysis

### Issue 1: Whether the Tribunal was justified in allowing the withdrawal of the application based on the …

**Ratio:** The legal principle applied is that an applicant can withdraw an application with the

…

**Reasoning:** The Tribunal reasoned that since an application under Section 12A had been filed and

…

**Interpretation:** Section 12A allows for withdrawal of applications under certain circumstances.

…

**Application:** In this case, the RP's request to withdraw the application was based on the

…

## Parties

- **Judges:** R. VARADH…; SHRI. ANIL…
- **Appellants:** Perumal Ulaganatha…
- **Respondents:** Golden Anchor…; UDAYA K…

## Timeline

- **2019-12-18 — Hearing…**: Hearing held at 10:30…
- **2019-01-01 — Application…**: Application MA/912/2019 in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 19 — Personnel to extend co-operation to interim…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-19)

---

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/golden-anchor-logistics-pvt-ltd-ma-912-2019-in-iba-407-2019-2756ecb4