# In the matter of SS Group Private Limited CA No.563-2018 In CP (IB) No.385-Chd-Hry-2018

> NCLT judgment dated 2019-02-01. Citation: TCN-2019-NCLT-05060. The case involves Indo Alusys Industries Limited, the Petitioner-Operational Creditor,…

- **Court:** NCLT
- **Order date:** 1 Feb 2019
- **Citation:** TCN-2019-NCLT-05060
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ss-group-private-limited-ca-no563-2018-in-cp-ib-no385-chd-hry-2018-20a89e05

## Summary

### Background

The case involves Indo Alusys Industries Limited, the Petitioner-Operational Creditor, initiating proceedings against SS Group Private Limited, the Respondent-Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed before the National Company Law Tribunal (NCLT), Chandigarh Bench.

## Facts

Indo Alusys Industries Limited, the Petitioner-Operational Creditor, filed a petition against SS Group Private Limited, the Respondent-Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petitioner sought to withdraw the petition, and the court permitted the withdrawal with liberty to have recourse before the other appropriate authority. The case was heard by the National Company Law Tribunal (NCLT), Chandigarh Bench. The relevance of the facts lies in the petitioner's decision to withdraw the petition and the court's decision to allow the withdrawal with liberty.

## Issues and analysis

### Issue 1: Whether the petitioner should be allowed to withdraw the instant petition with liberty to have …

**Ratio:** The court has the discretion to allow the withdrawal of a petition if it deems fit,

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**Reasoning:** The court considered the arguments presented by the learned counsel for the petitioner

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**Interpretation:** This legal issue involves the interpretation of the court's power to allow the

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**Application:** In this specific case, the court applied the ratio by allowing the petitioner

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## Parties

- **Judges:** R.P.Nag…; Pradeep R.…
- **Appellants:** Indo Alusys…
- **Respondents:** SS Group Private…

## Timeline

- **2019-02-01 — Order Del…**: The NCLT, Chandigarh Bench, delivered the order allowing the withdrawal of the petition…

## 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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