# In the matter of Omics International Pvt. Ltd. CP (IB) No. 129-9-HDB-2020

> NCLT judgment dated 2021-10-07. Citation: TCN-2021-NCLT-00792. The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 7 Oct 2021
- **Citation:** TCN-2021-NCLT-00792
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/omics-international-pvt-ltd-cp-ib-no-129-9-hdb-2020-0853796f

## Summary

### Background

The document is an attendance-cum-order sheet from the National Company Law Tribunal (NCLT), Hyderabad, regarding Company Petition (IB) No. 129/9/HDB/2020. The hearing was held on October 7, 2021. The petition involves Omics International Pvt Ltd as the corporate debtor, with Dell International Services India Pvt Ltd as the petitioner and Omics International Pvt Ltd as the respondent. A withdrawal memo was filed for settlement.

## Facts

The case involves Company Petition (IB) No. 129/9/HDB/2020 before the NCLT Hyderabad. Omics International Pvt Ltd is the corporate debtor, and Dell International Services India Pvt Ltd is the petitioner. A hearing was held on October 7, 2021. A withdrawal memo was filed for settlement, suggesting that the parties reached an agreement. The court granted permission to the petitioner to approach the proper forum, and the petition was subsequently withdrawn and disposed of. The case is filed under Section 9 of IBC.

## Issues and analysis

### Issue 1: Whether the withdrawal memo filed …

**Ratio:** The acceptance of a withdrawal memo is generally based on the principle that parties are

…

**Reasoning:** The court acknowledged the withdrawal memo filed for settlement, indicating that the

…

**Interpretation:** The interpretation is that the court recognizes the autonomy of the parties to

…

**Application:** In this specific case, the court's acceptance of the withdrawal memo implies

…

## Parties

- **Judges:** Shrimadan…; Veera Brahma Rao…
- **Appellants:** Dell International…
- **Respondents:** Omics Internationa…

## Timeline

- **2021-10-07 — Hearing…**: Hearing held on October 7, 2021, at 13:00…
- **N/A — Withdrawal Me…**: A withdrawal memo was filed for settlement, indicating that the parties had reached an…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/omics-international-pvt-ltd-cp-ib-no-129-9-hdb-2020-0853796f