# In the matter of Inox Wind Limited CP(IB) No. 181-Chd-HP-2020

> NCLT judgment dated 2022-06-03. Citation: TCN-2022-NCLT-04709. The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 3 Jun 2022
- **Citation:** TCN-2022-NCLT-04709
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/inox-wind-limited-cpib-no-181-chd-hp-2020-748fa650

## Summary

### Background

The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Shell India Markets Pvt. Ltd, the Operational Creditor, against Inox Wind Limited, the Corporate Debtor.

## Facts

Shell India Markets Pvt. Ltd filed an application under Section 9 of the IBC, 2016 against Inox Wind Limited.

The settlement amount of ₹ 1,35,69,905 has been received by the petitioner via Demand Draft.

The petitioner, Shell India Markets Pvt. Ltd, wants to withdraw the present petition.

The learned counsel for the petitioner made a statement regarding the settlement and the intention to withdraw the petition.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 9 of the IBC, 2016 can be dismissed as withdrawn based on …

**Ratio:** The court can dismiss the petition as withdrawn if the petitioner, through their learned

…

**Reasoning:** The court relies on the statement made by the learned counsel for the petitioner,

…

**Interpretation:** The court interprets the statement of the learned counsel as a formal request

…

**Application:** In this case, the court applied the principle that a petition can be dismissed

…

## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Appellants:** Shell India…
- **Respondents:** Inox Wind L…
- **Advocates:** Suruchi…; Aashish C…; +1 more

## Timeline

- **2022-06-03 — Order Da…**: The order dismissing the petition as…

## 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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