# In the matter of Nuddea Plantations Ltd. CA(IB)No. 835 & 836-KB-2018 in C.P. (IB) No. 46-KB-2018

> NCLT judgment dated 2019-07-10. Citation: TCN-2019-NCLT-02600. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 10 Jul 2019
- **Citation:** TCN-2019-NCLT-02600
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/nuddea-plantations-ltd-caibno-835-836-kb-2018-in-cp-ib-no-46-kb-2018-adeab784

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Kolkata Bench, regarding C.P.(IB) No. 46/KB/2018, CA(IB)No.835/KB/2019, and CA(IB)No.836/KB/2019. The hearing took place on July 10, 2019. The case involves K.N. Choudhury & Co. Pvt. Ltd. versus Nuddea Plantations Ltd.

## Facts

The case involves K.N. Choudhury & Co. Pvt. Ltd. and Nuddea Plantations Ltd. The hearing was held on July 10, 2019. CA(IB) 835/KB/2019, an application for withdrawal of proceedings under Section 12A of the IBC, was filed by the RP and the original applicant. The CoC approved the withdrawal on April 8, 2019, with a unanimous vote. The corporate debtor was represented by counsel. The NCLT allowed the withdrawal, disposing of CA(IB) 835/KB/2019. The Operational Creditor is permitted to file proceedings independently, and other pending applications are scheduled for a hearing on August 26, 2019. Soumitra Lahiri and Vikash appear as RPs. Vikram Wadchue appears as Advocate for CoC.

## Issues and analysis

### Issue 1: Whether the withdrawal of proceedings under Section 12A of the IBC should be allowed, given the …

**Ratio:** Section 12A of the IBC allows for the withdrawal of an application admitted under Section

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**Reasoning:** The CoC, in its meeting dated April 8, 2019, approved the withdrawal with 100% votes. The

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**Interpretation:** Section 12A provides a mechanism for settling disputes and withdrawing CIRP if

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**Application:** In this case, the CoC's unanimous approval satisfied the requirement under

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## Parties

- **Judges:** Madan B.…
- **Appellants:** K.N.Choudhury &…
- **Respondents:** Nuddea Plantations…

## Timeline

- **2019-04-08 — CoC Meet…**: CoC approved the withdrawal of proceedings…
- **2019-07-10 — Hearing…**: Hearing on the withdrawal application.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

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