# In the matter of Indo Liminates (P) Ltd. IB-1009-ND-2019

> NCLT judgment dated 2019-07-10. Citation: TCN-2019-NCLT-02581. The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 10 Jul 2019
- **Citation:** TCN-2019-NCLT-02581
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/indo-liminates-p-ltd-ib-1009-nd-2019-60958a49

## Summary

### Background

The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petitioner, RR Sales Corporation, sought to initiate corporate insolvency resolution process against the respondent, Indo Liminates (P) Ltd.

## Facts

RR Sales Corporation filed a petition against Indo Liminates (P) Ltd under Section 9 of the IBC, 2016. Mr. Sahil, the advocate representing the petitioner, requested the court to allow the withdrawal of the petition based on instructions received. The court considered this request and the relevant rules before granting permission for the withdrawal. The petition was subsequently dismissed.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted liberty to withdraw the petition filed under Section 9 of …

**Ratio:** The legal principle applied is based on the procedural rules governing the withdrawal of

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**Reasoning:** The court reasoned that the advocate representing the petitioner had requested the

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**Interpretation:** The interpretation involves understanding the scope and applicability of Rule 8

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** Sh.R. Varad…; DeepaKr…
- **Appellants:** RR Sales Corporati…
- **Respondents:** Indo Liminates…

## Timeline

- **2019-07-10 — Order Del…**: The order was delivered on July 10, 2019, granting the petitioner liberty to withdraw the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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