# In the matter of Inox Wind Infrastructure Services Ltd. C.P. (IB) No. 445-9-NCLT-AHM-2018

> NCLT judgment dated 2019-03-04. Citation: TCN-2019-NCLT-04603. The case pertains to CP(IB) No. 445/9/NCLT/AHM/2018 before the Ahmedabad Bench of the National…

- **Court:** NCLT
- **Order date:** 4 Mar 2019
- **Citation:** TCN-2019-NCLT-04603
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/inox-wind-infrastructure-services-ltd-cp-ib-no-445-9-nclt-ahm-2018-61790500

## Summary

### Background

The case pertains to CP(IB) No. 445/9/NCLT/AHM/2018 before the Ahmedabad Bench of the National Company Law Tribunal. The matter involves Suresh Techno Electro India LLP as the applicant and Inox Wind Infrastructure Services Ltd. as the respondent. The petitioner sought to withdraw the instant petition.

## Facts

Suresh Techno Electro India LLP filed an insolvency petition against Inox Wind Infrastructure Services Ltd. under Section 9 of the Insolvency and Bankruptcy Code. During the proceedings before the Ahmedabad Bench of the National Company Law Tribunal, the petitioner, Suresh Techno Electro India LLP, sought to withdraw the petition. The petitioner's counsel filed a pursis to this effect. The court considered the request and granted permission for the withdrawal. As a result, the petition CP(IB) 445/2018 was dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted permission to withdraw the insolvency petition filed under …

**Ratio:** The legal principle applied is the court's discretion to allow the withdrawal of a

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**Reasoning:** The court reasoned that the petitioner had filed a pursis seeking to withdraw the

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**Interpretation:** The interpretation involves understanding the court's power to permit

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**Application:** In this specific case, the court applied the principle by granting permission

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Suresh Techno…
- **Respondents:** PRATIK TH…; Inox Wind…

## Timeline

- **2019-03-04 — Order Da…**: CP(IB) 445/2018 is…

## 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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