# In the matter of Tulsiani Construction & Developers Pvt. Ltd. (IB)-708(PB)-2019

> NCLT judgment dated 2019-05-15. Citation: TCN-2019-NCLT-03298. The case involves Mr. Krishan Kumar Batra as the applicant/petitioner and Tulsiani Construction…

- **Court:** NCLT
- **Order date:** 15 May 2019
- **Citation:** TCN-2019-NCLT-03298
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/tulsiani-construction-developers-pvt-ltd-ib-708pb-2019-63ae42bd

## Summary

### Background

The case involves Mr. Krishan Kumar Batra as the applicant/petitioner and Tulsiani Construction & Developers Pvt. Ltd. as the respondent. The order is under Section 9 of the Insolvency and Bankruptcy Code, 2016.

## Facts

Mr. Krishan Kumar Batra filed a petition against Tulsiani Construction & Developers Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petitioner, through their counsel, requested the withdrawal of the petition with the liberty to file a fresh petition on the same cause of action, invoking Section 7 of the IBC. The court then dismissed the petition as withdrawn, granting the petitioner the requested liberty.

## Issues and analysis

### Issue 1: Whether the petitioner can be allowed to withdraw the petition with the liberty to file a fresh …

**Ratio:** The court has the discretion to allow the withdrawal of a petition and grant liberty to

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**Reasoning:** The court allowed the withdrawal of the petition based on the petitioner's counsel's

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**Interpretation:** This indicates the court's willingness to allow parties to rectify procedural

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**Application:** In this specific case, the petitioner was granted the liberty to withdraw and

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Krishan Kumar…
- **Respondents:** Tulsiani Construct…

## Timeline

- **2016-01-01 — Enactment…**: The Insolvency and Bankruptcy…
- **2019-05-15 — Order Del…**: The court dismissed the petition as…

## 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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