# In the matter of Oragadam City Developers Pvt. Ltd. CP-1334-IB-2018

> NCLT judgment dated 2019-03-04. Citation: TCN-2019-NCLT-04607. The case pertains to CP/1334/IB/2018 filed under Section 7 Rule 4. The Financial Creditor…

- **Court:** NCLT
- **Order date:** 4 Mar 2019
- **Citation:** TCN-2019-NCLT-04607
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/oragadam-city-developers-pvt-ltd-cp-1334-ib-2018-61ee3498

## Summary

### Background

The case pertains to CP/1334/IB/2018 filed under Section 7 Rule 4. The Financial Creditor counsel filed a withdrawal memo.

## Facts

The case CP/1334/IB/2018 was filed. The Financial Creditor counsel submitted a withdrawal memo. The relevance of the withdrawal memo is that it led to the dismissal of the case.

## Issues and analysis

### Issue 1: Whether the withdrawal memo filed by the Financial Creditor counsel is sufficient grounds for …

**Ratio:** The legal principle applied is that a party has the right to withdraw a case they have

…

**Reasoning:** The court reasoned that since the Financial Creditor counsel filed a withdrawal memo, it

…

**Interpretation:** The interpretation is that the court acknowledges the right of the Financial

…

**Application:** The ratio and reasoning are applied to the specific facts of the case, where

…

## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** R.RAJANE…
- **Respondents:** ORAGADAM CITY…

## Timeline

- **2019-03-04 — Hearing…**: National Company Law Tribunal…
- **N/A — Withdrawal Me…**: Financial Creditor counsel…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

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/oragadam-city-developers-pvt-ltd-cp-1334-ib-2018-61ee3498