# In the matter of Suzlon Energy Pvt. Ltd. C.P. (I.B) No. 86-NCLT-AHM-2020

> NCLT judgment dated 2020-08-10. Citation: TCN-2020-NCLT-00881. The document pertains to a case before the National Company Law Tribunal (NCLT), Ahmedabad…

- **Court:** NCLT
- **Order date:** 10 Aug 2020
- **Citation:** TCN-2020-NCLT-00881
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/suzlon-energy-pvt-ltd-cp-ib-no-86-nclt-ahm-2020-721c7d90

## Summary

### Background

The document pertains to a case before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The case is related to an insolvency petition, CP(I.B) No.86/NCLT/AHM/2020, involving Isovolta (India) Pvt Ltd V/s Suzlon Energy Ltd. The hearing took place on August 10, 2020.

## Facts

The case involves an insolvency petition, CP(I.B) No.86/NCLT/AHM/2020, filed by Isovolta (India) Pvt Ltd against Suzlon Energy Ltd. During the hearing on August 10, 2020, the petitioner, represented by Mr. Vinodkumar S Shah, sought to withdraw the petition. The court granted permission, and the petition was subsequently dismissed as withdrawn. Mr. Aalay Shah appeared on behalf of the respondent.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted …

**Ratio:** The court has the discretion to allow or deny the withdrawal of a petition based on the

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**Reasoning:** The court considered the pursis filed by the petitioner seeking withdrawal of the instant

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**Interpretation:** The interpretation of the law allows the petitioner to withdraw the petition if

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**Application:** In this case, the court found it appropriate to grant permission for the

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## Parties

- **Judges:** Manorama…; Chockalingam…
- **Appellants:** Isovolta (India)…
- **Respondents:** Suzlon Ener…

## Timeline

- **2020-08-10 — Hearing…**: Hearing of Ahmedabad Bench of the…
- **2020-08-10 — Withdrawal…**: Petitioner filed a pursis to…

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