# In the matter of Stellar and Uni-Max India Limited (IB)-07(ND)2019

> NCLT judgment dated 2019-06-04. Citation: TCN-2019-NCLT-03049. The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). A…

- **Court:** NCLT
- **Order date:** 4 Jun 2019
- **Citation:** TCN-2019-NCLT-03049
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/stellar-and-uni-max-india-limited-ib-07nd2019-a011350f

## Summary

### Background

The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). A memorandum of understanding was executed between the parties. The applicant sought to withdraw the application.

## Facts

Scoop Brand Holdings Private Limited filed an application against Stellar and Uni - Max India Limited. A memorandum of understanding was executed between the parties on 2019-05-30. The applicant then requested to withdraw the application, which the court granted.

## Issues and analysis

### Issue 1: Whether the applicant should be allowed to withdraw the application under Section 9 of the IBC, …

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

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**Reasoning:** The court considered the memorandum of understanding placed on record by the Corporate

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**Interpretation:** The interpretation of the IBC allows for the withdrawal of applications under

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**Application:** In this case, the existence of a memorandum of understanding between the

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## Parties

- **Judges:** DEEPTI M…; Pradeep R.…
- **Appellants:** Scoop Brand…
- **Respondents:** Stellar and Uni -…

## Timeline

- **2019-05-30 — MOU Exec…**: Memorandum of understanding duly…
- **2019-06-04 — Order Del…**: Order delivered allowing the…

## 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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