# In the matter of United Oil and Gas Engineering Pvt. Ltd. IBA-1367-2019

> NCLT judgment dated 2020-09-18. Citation: TCN-2020-NCLT-00589. The case pertains to IBA/1367/2019, where Thangam Agencies is the petitioner and United Oil &…

- **Court:** NCLT
- **Order date:** 18 Sept 2020
- **Citation:** TCN-2020-NCLT-00589
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/united-oil-and-gas-engineering-pvt-ltd-iba-1367-2019-9b6d1821

## Summary

### Background

The case pertains to IBA/1367/2019, where Thangam Agencies is the petitioner and United Oil & Gas Engineering Pvt Ltd is the respondent. The matter was heard through video conferencing. The counsel for the petitioner, Mr. G. Saibaba, was present. No one appeared for the respondent.

## Facts

The case involves Thangam Agencies as the petitioner and United Oil & Gas Engineering Pvt Ltd as the respondent in a matter registered as IBA/1367/2019. The hearing was conducted via video conferencing. The petitioner's counsel, Mr. G. Saibaba, attended the hearing, while no one represented the respondent. The petitioner's counsel informed the court that the matter had been settled between the parties and requested to withdraw the petition. The court then dismissed the petition as withdrawn, signifying the acceptance of the settlement and closure of the case.

## Issues and analysis

### Issue 1: Whether the petition should be dismissed as …

**Ratio:** A petition can be dismissed as withdrawn if the parties involved have reached a

…

**Reasoning:** The court reasoned that since the petitioner's counsel represented that the matter had

…

**Interpretation:** This interpretation allows for the efficient resolution of disputes when

…

**Application:** In this case, the petitioner's counsel's representation of a settlement between

…

## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** THANGAM AG…
- **Respondents:** UNITED OIL & GAS…

## Timeline

- **2020-09-18 — Hearing…**: Hearing held on 18.09.2020 at 10.30…
- **N/A — Petition Wit…**: The petitioner sought to withdraw the petition…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/united-oil-and-gas-engineering-pvt-ltd-iba-1367-2019-9b6d1821