# In the matter of Pratibha Industries Ltd. C.P. No. 48-(MAH)-2017

> NCLT judgment dated 2017-03-31. Citation: TCN-2017-NCLT-00934. Michigan Engineers Pvt. Ltd. filed a petition against Pratibha Industries Ltd. The petitioner…

- **Court:** NCLT
- **Order date:** 31 Mar 2017
- **Citation:** TCN-2017-NCLT-00934
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/pratibha-industries-ltd-cp-no-48-mah-2017-4979d074

## Summary

### Background

Michigan Engineers Pvt. Ltd. filed a petition against Pratibha Industries Ltd. The petitioner then filed a withdrawal application.

## Facts

Michigan Engineers Pvt. Ltd. initiated a case against Pratibha Industries Ltd. Subsequently, Michigan Engineers Pvt. Ltd. filed a withdrawal application. The reason for the withdrawal was that the disputes between Michigan Engineers Pvt. Ltd. and Pratibha Industries Ltd. had been resolved due to payments made by Pratibha Industries Ltd. to Michigan Engineers Pvt. Ltd. This resolution led to the dismissal of the petition.

## Issues and analysis

### Issue 1: Whether the withdrawal application filed by the Petitioner should be allowed based on the …

**Ratio:** A petition can be dismissed if the

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**Reasoning:** The court considered the withdrawal application filed by the petitioner, which stated

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**Interpretation:** This legal principle allows for the dismissal of a petition when the parties

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**Application:** In this case, the petitioner filed a withdrawal application stating that the

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## Parties

- **Judges:** B.S.V. Prakash…; V. Nallasen…
- **Appellants:** Michigan Engineers…
- **Respondents:** Pratibha Industrie…
- **Advocates:** Sankalp An…; Shriinas…; +2 more

## Timeline

- **2017-03-31 — Hearing of Mum…**: Hearing of the Mumbai Bench of the…
- **N/A — Withdrawal Application…**: The Petitioner filed a withdrawal application…

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