# In the matter of Thiru Arooran Sugars Ltd. CP-1443-IB-2018

> NCLT judgment dated 2019-04-10. Citation: TCN-2019-NCLT-03964. The case pertains to CP/1443/IB/2018 filed under Section 9 Rule 6. The Operational Creditor…

- **Court:** NCLT
- **Order date:** 10 Apr 2019
- **Citation:** TCN-2019-NCLT-03964
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/thiru-arooran-sugars-ltd-cp-1443-ib-2018-952792d9

## Summary

### Background

The case pertains to CP/1443/IB/2018 filed under Section 9 Rule 6. The Operational Creditor filed a withdrawal memo.

## Facts

Thomson Industries filed CP/1443/IB/2018 against Thiru Arooran Sugars Ltd. The Operational Creditor, Thomson Industries, subsequently filed a withdrawal memo. The court then dismissed the application as withdrawn.

## Issues and analysis

### Issue 1: Whether the application CP/1443/IB/2018 should be dismissed based on the withdrawal memo filed by …

**Ratio:** An application can be dismissed if

…

**Reasoning:** The court accepted the withdrawal memo filed by the Operational Creditor's counsel,

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**Interpretation:** The legal principle allows for the withdrawal of an application by the

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**Application:** Since Thomson Industries, the Operational Creditor, filed a withdrawal memo,

…

## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** THOMSON IND…
- **Respondents:** THIRU AROORAN…

## Timeline

- **2019-04-10 — Hearing…**: Hearing held at 10:30…
- **N/A — Withdrawal Me…**: Operational Creditor counsel…

## 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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