# In the matter of Ramakrishna Housing Pvt. Ltd. CP (IB) No. 194-9-AMR-2019

> NCLT judgment dated 2020-02-25. Citation: TCN-2020-NCLT-01823. The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 25 Feb 2020
- **Citation:** TCN-2020-NCLT-01823
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ramakrishna-housing-pvt-ltd-cp-ib-no-194-9-amr-2019-7cb6a708

## Summary

### Background

The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petitioner filed a memo for withdrawal of the case.

## Facts

Greenply Industries Ltd filed a Company Petition against Ramakrishna Housing Pvt Ltd under Section 9 of the IBC. The petitioner, Greenply Industries Ltd, subsequently filed a memo seeking withdrawal of the case. The court accepted the memo.

## Issues and analysis

### Issue 1: Whether the Company Petition can be dismissed as …

**Ratio:** A petitioner can withdraw a case

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**Reasoning:** The court accepted the petitioner's memo for withdrawal, indicating agreement with the

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**Interpretation:** The court interpreted the petitioner's request for withdrawal as a valid reason

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**Application:** The ratio was applied to the specific facts of the case, where the petitioner

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## Parties

- **Judges:** Janab Mohammed…
- **Appellants:** Greenply Industrie…
- **Respondents:** Ramakrishna…

## Timeline

- **2020-02-25 — Hearing…**: Hearing held on…

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