# In the matter of Parsvnath Developers Ltd. (IB)-2292(ND)2019

> NCLT judgment dated 2021-07-23. Citation: TCN-2021-NCLT-01642. The case pertains to a contempt petition (6/2021) filed before the National Company Law…

- **Court:** NCLT
- **Order date:** 23 Jul 2021
- **Citation:** TCN-2021-NCLT-01642
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/parsvnath-developers-ltd-ib-2292nd2019-68a931c3

## Summary

### Background

The case pertains to a contempt petition (6/2021) filed before the National Company Law Tribunal (NCLT), New Delhi (Court-II). The applicant/petitioner is Mrs. Taminder Kaur Dhupia, and the respondent is M/s. Parsvnath Developers Ltd. & Ors. The petition is filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).

## Facts

Mrs. Taminder Kaur Dhupia filed a contempt petition (6/2021) against M/s. Parsvnath Developers Ltd. & Ors. under Section 7 of the IBC, 2016. The petitioner's counsel requested permission to withdraw the petition. The court heard the request and granted permission, leading to the dismissal of the contempt petition as withdrawn. The underlying reason for seeking withdrawal is not explicitly stated in the order.

## Issues and analysis

### Issue 1: Whether the Petitioner should be granted …

**Ratio:** A party has the right to withdraw a

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**Reasoning:** The court considered the request of the Ld. Counsel appearing for the Petitioner and

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**Interpretation:** The interpretation is that the court has the discretion to allow or disallow

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

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## Parties

- **Judges:** SHRI. ABNI RANJAN…; Shri. L. N.…
- **Appellants:** Taminder Kaur…
- **Respondents:** M/s. Parsvnath…

## Timeline

- **2021-07-23 — Order Del…**: Order delivered on the…

## 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)

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