# In the matter of Sejal Glass Ltd. T.C.P. No. 222-(MAH)-2017

> NCLT judgment dated 2017-06-22. Citation: TCN-2017-NCLT-00787. The case involves a petition filed before the National Company Law Tribunal (NCLT), Mumbai…

- **Court:** NCLT
- **Order date:** 22 Jun 2017
- **Citation:** TCN-2017-NCLT-00787
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sejal-glass-ltd-tcp-no-222-mah-2017-698fab99

## Summary

### Background

The case involves a petition filed before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition was related to the Insolvency and Bankruptcy Code (I&BP Code) 2016. The matter was listed for hearing on 26.07.2017.

## Facts

HNG Float Glass Ltd. filed a petition against Sezal Glass Ltd. before the NCLT Mumbai Bench. The petition was related to matters under the I&BP Code 2016. The petitioner's counsel filed a withdrawal memo, and the petition was dismissed as withdrawn based on consent terms agreed upon between the parties. The order was passed on a date that can be inferred from the attendance sheet, 26.07.2017.

## Issues and analysis

### Issue 1: Whether the petition filed by HNG Float Glass Ltd. should be dismissed based on the withdrawal memo …

**Ratio:** A petition can be dismissed if the petitioner's counsel files a withdrawal memo and the

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**Reasoning:** The court accepted the withdrawal memo filed by the petitioner's counsel, indicating that

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**Interpretation:** This legal principle allows for the efficient resolution of disputes when

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**Application:** In this case, the petitioner's counsel filed a withdrawal memo, and the court

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## Parties

- **Judges:** B.S.V. Prakash…; V. Nallasen…
- **Appellants:** HNG Float Glass…
- **Respondents:** Sezal Glas…

## Timeline

- **2017-07-26 — Hearing…**: Hearing of the matter before the Mumbai…
- **2017-07-26 — Petition Di…**: The petition was dismissed as withdrawn on the…

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