# In the matter of Minwool Rock fibers Limited T.C.P. No. 1155-(MAH)-2017

> NCLT judgment dated 2017-09-07. Citation: TCN-2017-NCLT-00456. The case pertains to a hearing at the National Company Law Tribunal (NCLT), Mumbai Bench,…

- **Court:** NCLT
- **Order date:** 7 Sept 2017
- **Citation:** TCN-2017-NCLT-00456
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/minwool-rock-fibers-limited-tcp-no-1155-mah-2017-1340169c

## Summary

### Background

The case pertains to a hearing at the National Company Law Tribunal (NCLT), Mumbai Bench, regarding a petition filed under the I & BP Code 2016. The matter involves Transport Corporation of India versus Minwool Rock Fibers Limited. The Learned Representative of the Petitioner is present.

## Facts

The case involves Transport Corporation of India as the petitioner and Minwool Rock Fibers Limited as the respondent. The hearing took place at the Mumbai Bench of the National Company Law Tribunal (NCLT) on September 7, 2017. The petitioner sought to withdraw the petition, and the court granted permission for the withdrawal. The Learned Representative of the Petitioner is present. Balagopal, an advocate for the operational creditor, was present and signed the attendance sheet. The petition was subsequently disposed of as withdrawn and ordered to be consigned to records.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted …

**Ratio:** The court has the discretion to allow or deny the withdrawal of a petition based on the

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**Reasoning:** The court considered the petitioner's request to withdraw the petition and the reasons

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**Interpretation:** The interpretation involves understanding the petitioner's intent and the

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**Application:** In this case, the court granted permission to withdraw the petition, indicating

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## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Appellants:** Transport…
- **Respondents:** Minwool Rock…

## Timeline

- **2017-09-07 — Hearing…**: Hearing of the Mumbai Bench of the…
- **2017-09-07 — Petition Wit…**: The Petition is disposed of as…

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