# In the matter of Shree Ranisati Irrigation Pvt. Ltd. CP No. (IB)-62-9-JPR-2020

> Read the full IBC case summary for In the matter of Shree Ranisati Irrigation Pvt. Ltd. CP No. (IB)-62-9-JPR-2020. NCLT judgment dated 2022-04-29. Citation:…

- **Court:** NCLT
- **Order date:** 29 Apr 2022
- **Citation:** TCN-2022-NCLT-04873
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/shree-ranisati-irrigation-pvt-ltd-cp-no-ib-62-9-jpr-2020-f9555016

## Summary

### Background

The case involves an application filed under Section 9 of the IBC, 2016, by an Operational Creditor against a Corporate Debtor. The matter came before the NCLT for hearing, where it was noted that the parties had reached an amicable settlement.

## Facts

M/s New Era Petrochem Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s Shree Ranisati Irrigation Pvt. Ltd., the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The application was registered as CP No. (IB)-62/9/JPR/2020 before the National Company Law Tribunal, Jaipur Bench. The proceedings were conducted through a web-based video conferencing platform.

## Parties

- **Judges:** Deep Chandr…; RAGHU N…
- **Advocates:** For the Operationa…

## Timeline

- **April 28, 2022 — Affidavit of Withdrawal…**: An affidavit of withdrawal of the application was filed vide Diary No. 1290/2022 on…
- **April 29, 2022 — Order Is…**: The National Company Law Tribunal, Jaipur Bench, issued an order dismissing the Company…

---

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/shree-ranisati-irrigation-pvt-ltd-cp-no-ib-62-9-jpr-2020-f9555016