# In the matter of Shubh Tiles Pvt.  Ltd. C.P. (I.B) No. 26-NCLT-AHM-2020

> NCLT judgment dated 2021-03-30. Citation: TCN-2021-NCLT-02536. The case pertains to a hearing before the Ahmedabad Bench of the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 30 Mar 2021
- **Citation:** TCN-2021-NCLT-02536
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/shubh-tiles-pvt-ltd-cp-ib-no-26-nclt-ahm-2020-74a0e782

## Summary

### Background

The case pertains to a hearing before the Ahmedabad Bench of the National Company Law Tribunal (NCLT) regarding a matter under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case involves Colorobbia Chemicals India Pvt Ltd as the petitioner and Shubh Tiles Pvt Ltd as the respondent. The petitioner sought to withdraw the instant petition.

## Facts

Colorobbia Chemicals India Pvt Ltd initiated a case against Shubh Tiles Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing before the Ahmedabad Bench of the National Company Law Tribunal on March 30, 2021, the advocate representing Colorobbia Chemicals India Pvt Ltd filed a withdrawal pursis, seeking to withdraw the petition. The court granted permission for the withdrawal, leading to the dismissal of the petition.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted permission to withdraw the instant petition filed under …

**Ratio:** The legal principle applied here is the court's discretion to allow the withdrawal of a

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**Reasoning:** The court reasoned that since the petitioner's lawyer filed a withdrawal pursis, it

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**Interpretation:** The interpretation involves understanding the procedural rules governing the

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**Application:** In this specific case, the court applied the ratio by granting permission for

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** Colorobbia…
- **Respondents:** Shubh Tiles Pvt…

## Timeline

- **2021-03-30 — Hearing…**: Hearing of Ahmedabad Bench of the…
- **2021-03-30 — Withdrawal…**: The learned lawyer appearing on behalf of the Petitioner filed a withdrawal pursis to…

## 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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