# In the matter of Om Technocon Pvt. Ltd. C.P. (IB) No. 08-NCLT-AHM-2020

> NCLT judgment dated 2020-10-08. Citation: TCN-2020-NCLT-00428. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 8 Oct 2020
- **Citation:** TCN-2020-NCLT-00428
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/om-technocon-pvt-ltd-cp-ib-no-08-nclt-ahm-2020-0620cb27

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding C.P.(I.B) No. 08/NCLT/AHM/2020. The case involves Navin Heavy Lifters V/s Om Technocon Pvt Ltd. The learned counsel for the Petitioner filed a withdrawal pursis to withdraw the instant petition.

## Facts

The case involves Navin Heavy Lifters as the applicant against Om Technocon Pvt Ltd. The petitioner filed a withdrawal pursis to withdraw the instant petition. The NCLT Ahmedabad Bench allowed the withdrawal, and C.P.(I.B) No. 08/2020 was dismissed as withdrawn. The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.

## Issues and analysis

### Issue 1: Whether the withdrawal of the insolvency …

**Ratio:** The court has the discretion to allow the withdrawal of a petition if it deems fit,

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**Reasoning:** The court considered the petitioner's request for withdrawal and found no reason to deny

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**Interpretation:** The interpretation is that the court acknowledges the petitioner's right to

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**Application:** The petitioner's request to withdraw the petition was granted, and the court

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** Navin Heavy…
- **Respondents:** Om Technocon Pvt…
- **Advocates:** Kunal Vai…

## Timeline

- **2020-10-08 — Hearing of Ahmedabad…**: Hearing of the Ahmedabad Bench of…
- **2020-10-08 — Order…**: The C.P.(I.B) No. 08/2020…

## 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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