# In the matter of Sunny Vista Realtors Pvt. Ltd. C.P. No. 58-(MAH)-2017

> NCLT judgment dated 2017-03-31. Citation: TCN-2017-NCLT-00936. The case pertains to C.P No. 58/(MAH)/2017 before the National Company Law Tribunal, Mumbai…

- **Court:** NCLT
- **Order date:** 31 Mar 2017
- **Citation:** TCN-2017-NCLT-00936
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sunny-vista-realtors-pvt-ltd-cp-no-58-mah-2017-197df8b1

## Summary

### Background

The case pertains to C.P No. 58/(MAH)/2017 before the National Company Law Tribunal, Mumbai Bench. The matter involves Punj Lioyd Ltd. as the petitioner and Sunny Vista Realtors Pvt. Ltd. as the respondent. The case was listed for hearing on 31.03.2017.

## Facts

The case involves Punj Lioyd Ltd. and Sunny Vista Realtors Pvt. Ltd. The petition was dismissed as withdrawn at the request of the Petitioner Counsel. The petitioner was granted the liberty to file a fresh petition in accordance with the law. The hearing took place at the Mumbai Bench of the National Company Law Tribunal on 31.03.2017. Adv. Chorustila D. More, along with Adv. Epsita Chatterjee, appeared as Advocate for the operational creditor, i.e., Dholakia Law Associates.

## Issues and analysis

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

**Ratio:** A petitioner has the right to withdraw a petition, and the court typically grants such a

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**Reasoning:** The court acceded to the request of the Petitioner Counsel, indicating that the

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**Interpretation:** This issue involves the interpretation of procedural law regarding the

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**Application:** In this specific case, the ratio is applied by allowing the Petitioner

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## Parties

- **Judges:** B.S.V. Prakash…; V. Nallasen…
- **Appellants:** Punj Lioy…
- **Respondents:** Sunny Vista…

## Timeline

- **2017-03-31 — Hearing…**: Hearing of the Mumbai Bench of the…
- **2017-03-31 — Petition Di…**: The Petition is dismissed as withdrawn…

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