# In the matter of Parinee Shelters Private Limited CP(IB)-793(MB)-2020

> NCLT judgment dated 2021-01-11. Citation: TCN-2021-NCLT-03332. The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 11 Jan 2021
- **Citation:** TCN-2021-NCLT-03332
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/parinee-shelters-private-limited-cpib-793mb-2020-afadb368

## Summary

### Background

The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The court convened through video conference.

## Facts

The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel appeared before the court and submitted that the entire claim amount had been paid. Based on this submission, the petitioner requested the court to allow the withdrawal of the petition. The court then dismissed the petition as not pressed.

## Issues and analysis

### Issue 1: Whether the petition should be dismissed based on the petitioner's request for withdrawal after the …

**Ratio:** A petition can be dismissed if the petitioner requests withdrawal, especially when the

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**Reasoning:** The court accepted the petitioner's submission that the entire claim amount had been paid

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**Interpretation:** This interpretation suggests that the court has the discretion to dismiss a

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**Application:** In this specific case, the ratio and reasoning were applied directly to the

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## Parties

- **Judges:** RAJESH S…; SUCHITRA KANUPARTH…; +1 more
- **Appellants:** Pag International…
- **Respondents:** Parinee Shelters…

## Timeline

- **2021-01-11 — Hearing…**: Order sheet of the hearing…

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