# In the matter of Nabros Pharma Pvt. Ltd. C.P. (I.B) No. 288-9-NCLT-AHM-2018

> NCLT judgment dated 2019-01-29. Citation: TCN-2019-NCLT-05120. The document is an attendance-cum-order sheet from the Ahmedabad bench of the National Company…

- **Court:** NCLT
- **Order date:** 29 Jan 2019
- **Citation:** TCN-2019-NCLT-05120
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/nabros-pharma-pvt-ltd-cp-ib-no-288-9-nclt-ahm-2018-a0f3d132

## Summary

### Background

The document is an attendance-cum-order sheet from the Ahmedabad bench of the National Company Law Tribunal (NCLT) regarding C.P. (I.B) No. 288/9/NCLT/AHM/2018. The hearing took place on January 29, 2019. The case involves Baader Schulze Laboratories V/s. Nabros Pharma Pvt. Ltd.

## Facts

The case involves Baader Schulze Laboratories as the applicant against Nabros Pharma Pvt. Ltd. The applicant filed a petition under Section 9 of the Insolvency and Bankruptcy Code. The applicant, through their lawyer, subsequently filed a pursis to withdraw the petition. The NCLT Ahmedabad bench allowed the withdrawal, leading to the dismissal of the case CP(IB) 288/2018.

## Issues and analysis

### Issue 1: Whether the petitioner's request to withdraw …

**Ratio:** A party has the right to withdraw a petition filed before a court or tribunal, subject to

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**Reasoning:** The court considered the request for withdrawal made by the petitioner's lawyer and found

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**Interpretation:** The interpretation is that the court has the power to allow or disallow the

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**Application:** In this case, the petitioner sought to withdraw the insolvency petition, and

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Baader Schulze…
- **Respondents:** Nabros Pharma…

## Timeline

- **2019-01-29 — Hearing…**: Hearing of Ahmedabad Bench of the…
- **2019-01-29 — Petition Wit…**: Learned lawyer appearing on behalf of the Petitioner filed pursis with regard to the…

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