# In the matter of Tulsiani Construction and Developers Pvt. Ltd. (IB)-1590(PB)-2018

> NCLT judgment dated 2019-02-08. Citation: TCN-2019-NCLT-04944. The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.…

- **Court:** NCLT
- **Order date:** 8 Feb 2019
- **Citation:** TCN-2019-NCLT-04944
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/tulsiani-construction-and-developers-pvt-ltd-ib-1590pb-2018-d4726df2

## Summary

### Background

The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner and respondent have amicably settled the matter.

## Facts

Gopa Rani Khandelwal & Anr. filed a petition against M/s. Tulsiani Construction and Developers PVt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel informed the court that the matter had been amicably settled and that she was instructed to withdraw the petition. Consequently, the court dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, can be …

**Ratio:** A petition can be dismissed as withdrawn if the parties have reached an amicable

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**Reasoning:** The court accepted the statement of the petitioner's counsel that the matter had been

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**Interpretation:** This case interprets the procedure for withdrawing a petition under the

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**Application:** In this specific case, the petitioner's counsel stated that the matter was

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## Parties

- **Judges:** M. M. K…; Pradeep R.…
- **Appellants:** Gopa Rani…
- **Respondents:** M/s. Tulsiani…

## Timeline

- **2019-02-08 — Order Del…**: Order delivered on 08.02.2019,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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