# In the matter of Sri Vishnu Annamalaiyar Paper Mills Ltd. CP-1408-IB-20158

> NCLT judgment dated 2019-04-04. Citation: TCN-2019-NCLT-04126. The case pertains to CP/1408/IB/2018 filed under the Insolvency and Bankruptcy Code (IBC). The…

- **Court:** NCLT
- **Order date:** 4 Apr 2019
- **Citation:** TCN-2019-NCLT-04126
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sri-vishnu-annamalaiyar-paper-mills-ltd-cp-1408-ib-20158-aa45f00d

## Summary

### Background

The case pertains to CP/1408/IB/2018 filed under the Insolvency and Bankruptcy Code (IBC). The Operational Creditor filed a withdrawal memo, leading to the subsequent order.

## Facts

The primary fact is that the Operational Creditor filed a withdrawal memo for CP/1408/IB/2018. Based on this memo, the court dismissed the case as withdrawn. The application number is CP/1408/IB/2018. The petitioner is Arjun Chemicals PVT LTD and the respondent is Sri Vishnu Annamalaiyar Paper Mills LTD.

## Issues and analysis

### Issue 1: Whether the withdrawal memo filed by the Operational Creditor's counsel is sufficient grounds to …

**Ratio:** The legal principle applied is that an applicant can withdraw their application, leading

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**Reasoning:** The court reasoned that since the Operational Creditor filed a withdrawal memo, the case

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**Interpretation:** The interpretation is that the court acknowledges the right of the applicant to

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**Application:** The ratio and reasoning are applied to the specific facts of CP/1408/IB/2018,

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** ARJUN CHEMICALS…
- **Respondents:** VISHNU ANNAMALAIYA…

## Timeline

- **2019-04-04 — Hearing…**: Hearing held at 10:30 AM at the National…
- **N/A — Withdrawal Me…**: Operational Creditor's…

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