# In the matter of The Madhya Pradesh State Mining Corporation Ltd. (MP) CP(IB) 50 of 2020

> NCLT judgment dated 2021-07-15. Citation: TCN-2021-NCLT-01716. The applicant, Pramod Agarwal, filed CP(IB) 50 of 2020 under Section 9 of the IBC Code, 2016,…

- **Court:** NCLT
- **Order date:** 15 Jul 2021
- **Citation:** TCN-2021-NCLT-01716
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/the-madhya-pradesh-state-mining-corporation-ltd-mp-cpib-50-of-2020-576a45ac

## Summary

### Background

The applicant, Pramod Agarwal, filed CP(IB) 50 of 2020 under Section 9 of the IBC Code, 2016, seeking initiation of the corporate insolvency resolution process against the respondent, The Madhya Pradesh State Minning Corporation Ltd. Subsequently, the applicant filed a withdrawal application.

## Facts

Pramod Agarwal (Applicant) filed CP(IB) 50 of 2020 under Section 9 of the IBC Code, 2016 against The Madhya Pradesh State Minning Corporation Ltd (Respondent). The applicant subsequently filed a withdrawal application seeking to withdraw CP(IB) 50 of 2020. The court heard the learned Counsel for the applicant and considered the withdrawal application.

## Issues and analysis

### Issue 1: Whether the applicant's request to withdraw …

**Ratio:** The legal principle applied is the tribunal's discretion to allow or disallow a

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**Reasoning:** The court reasoned that the applicant had prayed to withdraw CP(IB) 50 of 2020, and after

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**Interpretation:** The interpretation involves understanding the provisions related to withdrawal

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** ABNI RANJAN KUMAR…; Mr.Virendra Kumar…
- **Appellants:** Pramod Ag…
- **Respondents:** The Madhya…
- **Advocates:** Natasha Dhruman…

## Timeline

- **2021-07-15 — Order Del…**: The order was delivered on July 15, 2021, allowing the withdrawal application and…

## 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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