# In the matter of M.M.M. Steel & Power Pvt. Ltd. CP-1256-IB-2018

> NCLT judgment dated 2019-02-18. Citation: TCN-2019-NCLT-04808. The case pertains to CP/1256/IB/2018 filed before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 18 Feb 2019
- **Citation:** TCN-2019-NCLT-04808
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/mmm-steel-power-pvt-ltd-cp-1256-ib-2018-a355502c

## Summary

### Background

The case pertains to CP/1256/IB/2018 filed before the National Company Law Tribunal (NCLT), Chennai Bench. The Operational Creditor filed a withdrawal memo.

## Facts

The case CP/1256/IB/2018 was filed before the NCLT Chennai. The Operational Creditor, Karur Sree Rama Trading PVT LTD, filed a memo requesting withdrawal of the case. The NCLT considered the withdrawal memo and dismissed the case.

## Issues and analysis

### Issue 1: Whether the withdrawal memo filed by the Operational Creditor's counsel is sufficient grounds to …

**Ratio:** A party has the right to withdraw a case they have filed, and the court generally

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**Reasoning:** The court accepted the withdrawal memo filed by the Operational Creditor's counsel as a

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**Interpretation:** The interpretation is that the court acknowledges the right of a party to

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**Application:** In this case, the Operational Creditor chose to withdraw the case, and the

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** KARUR SREE RAMA…
- **Respondents:** M.M.S.STEEL &…

## Timeline

- **2019-02-18 — Hearing…**: Hearing held at 10:30…
- **N/A — Withdrawa…**: Operational Creditor…

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