# In the matter of Shri Gumandev Processors Pvt. Ltd. C.P. (I.B) No. 32-9-NCLT-AHM-2018

> NCLT judgment dated 2019-01-24. Citation: TCN-2019-NCLT-05180. The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code.…

- **Court:** NCLT
- **Order date:** 24 Jan 2019
- **Citation:** TCN-2019-NCLT-05180
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/shri-gumandev-processors-pvt-ltd-cp-ib-no-32-9-nclt-ahm-2018-0fab6749

## Summary

### Background

The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code. The petitioner sought to initiate insolvency proceedings against Shri Gumandev Processors Pvt Ltd. The hearing was held at the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on January 24, 2019.

## Facts

Jai Bhawani Coal Fields Pvt Ltd filed a petition against Shri Gumandev Processors Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code. The petitioner, represented by Advocate Pavan S. Godiawala, sought to initiate insolvency proceedings. However, the petitioner later filed a pursis to withdraw the petition. The court granted permission for the withdrawal, and the petition was subsequently dismissed.

## Issues and analysis

### Issue 1: Whether the petitioner's request to withdraw …

**Ratio:** A petitioner has the right to withdraw a petition filed before a court or tribunal,

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**Reasoning:** The court reasoned that the petitioner, having filed a pursis to withdraw the petition,

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**Interpretation:** The interpretation is that the court acknowledges the petitioner's right to

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**Application:** In this case, the petitioner's request to withdraw the petition was granted

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Appellants:** Jai Bhawani Coal…
- **Respondents:** Gumandev Processor…

## Timeline

- **2018-01-01 — Petition…**: CP(IB) 32/2018 was…
- **2019-01-24 — Hearing…**: Hearing at Ahmedabad…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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