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

> NCLT judgment dated 2019-07-10. Citation: TCN-2019-NCLT-02588. 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-02588
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/indo-liminates-p-ltd-ib-1009-nd-2019-bcbebecd

## 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 initiation of the corporate insolvency resolution process against the respondent, Indo Liminates (P) Ltd. The advocate for the petitioner sought to withdraw the petition.

## Facts

RR Sales Corporation filed a petition against Indo Liminates (P) Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Sahil, the advocate representing the petitioner, appeared before the court and requested to withdraw the petition based on instructions received. The court considered this request and the relevant rules.

## Issues and analysis

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

**Ratio:** Liberty to withdraw a petition can be granted based on the petitioner's request,

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**Reasoning:** The court considered the representation made by the advocate for the petitioner and the

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**Interpretation:** The interpretation of Rule 8 allows the Adjudicating Authority to permit the

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**Application:** In this case, the court applied the ratio by granting liberty to the petitioner

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## Parties

- **Judges:** R. VARADH…; Deepa Kr…; +1 more
- **Appellants:** RR Sales Corporati…
- **Respondents:** Indo Liminates…

## Timeline

- **2019-07-10 — Order Del…**: The order was delivered…

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