# In the matter of Makro Cast Pvt. Ltd. CP (IB) No. 12-9-AMR-2019

> NCLT judgment dated 2020-02-12. Citation: TCN-2020-NCLT-01995. The case involves a Company Petition/Application filed under CP(IB) NO. 12/9/AMR/2020. The…

- **Court:** NCLT
- **Order date:** 12 Feb 2020
- **Citation:** TCN-2020-NCLT-01995
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/makro-cast-pvt-ltd-cp-ib-no-12-9-amr-2019-c225520f

## Summary

### Background

The case involves a Company Petition/Application filed under CP(IB) NO. 12/9/AMR/2020. The petitioner sought to withdraw the Company Petition. The counsel for the petitioner was present and filed a memo supported by an affidavit seeking the withdrawal.

## Facts

The Company Petition/Application number is CP(IB) NO. 12/9/AMR/2020. The name of the company is Macro Cast Pvt Ltd. The name of the petitioner is Metal And Steels Pvt Ltd. The name of the respondent is Macro Cast Pvt Ltd. The petition was filed under Section 9 of the IBC. The counsel for the petitioner, Bathiya Legal and Bhavani Kolle, was present and filed a memo supported by an affidavit seeking withdrawal of the Company Petition. The court accepted the memo and granted permission to withdraw the petition.

## Issues and analysis

### Issue 1: Whether the court should grant permission to the …

**Ratio:** Rule 8 of the Bankruptcy (Application to Adjudicating Authority) Rules 2016 allows for

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**Reasoning:** The court reasoned that the petitioner sought withdrawal of the Company Petition and

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**Interpretation:** Rule 8 of the Bankruptcy (Application to Adjudicating Authority) Rules 2016

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**Application:** The court applied Rule 8 to the facts of the case, where the petitioner sought

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## Parties

- **Judges:** Janab Mohammed…
- **Appellants:** Metal And Steels…
- **Respondents:** Macro Cast…
- **Advocates:** Bhavani…

## Timeline

- **2020-02-12 — Hearing…**: Hearing held on…
- **N/A — Withdrawal…**: Counsel for the Petitioner files memo supported by Affidavit seeking withdrawal of 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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