# In the matter of Sarthak Precision Pvt. Ltd. CP(IB)-2325(MB)-2019 > NCLT judgment dated 2019-08-06. Citation: TCN-2019-NCLT-02079. An application was filed stating that the Corporate Debtor paid the full amount as mentioned in… - **Court:** NCLT - **Order date:** 6 Aug 2019 - **Citation:** TCN-2019-NCLT-02079 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sarthak-precision-pvt-ltd-cpib-2325mb-2019-d496640f ## Summary ### Background An application was filed stating that the Corporate Debtor paid the full amount as mentioned in the Petition. The Counsel sought permission from the Court to withdraw the present Petition. ## Facts An application was filed stating that the Corporate Debtor, Sarthak Precision Pvt. Ltd., had paid the full amount as mentioned in the Petition. The Counsel for the Operational Creditor, B D Impex Pvt. Ltd., sought permission from the Court to withdraw the present Petition. The court allowed the withdrawal, and the petition was dismissed as withdrawn. The hearing was held on 06.08.2019. ## Issues and analysis ### Issue 1: Whether the court should allow the withdrawal of the petition after the Corporate Debtor has paid … **Ratio:** When the Corporate Debtor has paid the full amount as mentioned in the petition, and the … **Reasoning:** The court reasoned that since the Corporate Debtor had paid the full amount, allowing the … **Interpretation:** This interpretation suggests that the court prioritizes resolution through … **Application:** In this case, the Corporate Debtor paid the full amount, and the Operational … ## Parties - **Judges:** Rajasekha…; Ravikumar…; +1 more - **Appellants:** B D Impex Pvt.… - **Respondents:** Sarthak Precision… ## Timeline - **2019-08-06 — Hearing…**: Order sheet of the… --- 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/sarthak-precision-pvt-ltd-cpib-2325mb-2019-d496640f