# In the matter of Siddhnath Tradelink Pvt. Ltd. C.P. (I.B) No. 28-NCLT-AHM-2020

> NCLT judgment dated 2020-09-08. Citation: TCN-2020-NCLT-00677. The case pertains to C.P.(I.B) No.28/NCLT/AHM/2020 before the Ahmedabad Bench of the National…

- **Court:** NCLT
- **Order date:** 8 Sept 2020
- **Citation:** TCN-2020-NCLT-00677
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/siddhnath-tradelink-pvt-ltd-cp-ib-no-28-nclt-ahm-2020-05907a59

## Summary

### Background

The case pertains to C.P.(I.B) No.28/NCLT/AHM/2020 before the Ahmedabad Bench of the National Company Law Tribunal. The matter involves SML Films Ltd V/s Siddhnath Tradelink Pvt Ltd. The Learned Lawyer for the Petitioner filed withdrawal pursis on behalf of the Advocate, Mr. Anand Nanavati for withdrawal of the instant application.

## Facts

The case involves SML Films Ltd as the applicant against Siddhnath Tradelink Pvt Ltd. The petitioner, represented by Advocate Anand Nanavati, filed a withdrawal pursis for the instant application. The respondent was represented by Advocate Aditya J Pandya. The court, after hearing the parties, dismissed the application as withdrawn. The case was heard by the Ahmedabad Bench of the National Company Law Tribunal.

## Issues and analysis

### Issue 1: Whether the application can be dismissed as …

**Ratio:** An application can be dismissed as withdrawn if the applicant seeks to withdraw it and

…

**Reasoning:** The court considered the request for withdrawal made by the petitioner's advocate. Since

…

**Interpretation:** The legal principle allows a party to withdraw an application, effectively

…

**Application:** In this case, the petitioner, SML Films Ltd, sought to withdraw the application

…

## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** SML Film…
- **Respondents:** Siddhnath…
- **Advocates:** Sanket…; Anand Nan…; +1 more

## Timeline

- **2020-09-08 — Hearing of Ahmedabad…**: Hearing of the National Company Law Tribunal, Ahmedabad Bench, where the application was…

## 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)

---

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/siddhnath-tradelink-pvt-ltd-cp-ib-no-28-nclt-ahm-2020-05907a59