# In the mater of Anandrao Infrastructure Pvt. Ltd. IB-893-ND-2020

> Read the full IBC case summary for In the mater of Anandrao Infrastructure Pvt. Ltd. IB-893-ND-2020. NCLT judgment dated 2022-06-24. Citation:…

- **Court:** NCLT
- **Order date:** 24 Jun 2022
- **Citation:** TCN-2022-NCLT-04640
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/in-the-mater-of-anandrao-infrastructure-pvt-ltd-ib-893-nd-2020-a33dc324

## Summary

### Background

The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) due to an amicable settlement between the parties.

## Facts

An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by M/s. Arora Engineers against M/s. Anandrao Infrastructure Pvt. Ltd. This application initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The proceedings were before the National Company Law Tribunal (NCLT), New Delhi, Vacation Bench.

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## Issues and analysis

### Issue 1: Whether the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) should…

**Ratio:** The Adjudicating Authority can grant leave for withdrawal of CIRP if an amicable…

**Reasoning:** The Adjudicating Authority considered the submissions made by the counsel for the IRP and…

**Interpretation:** The court interpreted Section 12A of the IBC, Regulation 30A of the IBBI (IRP…

**Application:** Given the amicable settlement between M/s. Arora Engineers and M/s. Anandrao…

## Parties

- **Judges:** P.S.N. P…; AVINASH K.…
- **Advocates:** Upasana T…; Vinod Cha…

## Timeline

- **June 8, 2022 — Summary of…**: IA/2787/2022, a summary of events up to this date, accompanied by copies of public…
- **June 24, 2022 — Order del…**: The order was delivered…

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