# In the matter of Vasan Medical Centre (India) Pvt. Ltd. CP-1368-IB-2018

> NCLT judgment dated 2019-03-01. Citation: TCN-2019-NCLT-04621. The case pertains to CP/1369/IB/2018 filed before the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 1 Mar 2019
- **Citation:** TCN-2019-NCLT-04621
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/vasan-medical-centre-india-pvt-ltd-cp-1368-ib-2018-6beb146c

## Summary

### Background

The case pertains to CP/1369/IB/2018 filed before the National Company Law Tribunal (NCLT), Chennai Bench. The Operational Creditor filed a withdrawal memo.

## Facts

The case CP/1369/IB/2018 was filed by Johnson & Johnson Surgical Vision India Pvt Ltd against Vasan Medical Centre (India) Pvt Ltd. The Operational Creditor, Johnson & Johnson Surgical Vision India Pvt Ltd, filed a withdrawal memo. The relevance of this fact is that it led to the dismissal of the case.

## Issues and analysis

### Issue 1: Whether the application CP/1369/IB/2018 should be dismissed based on the withdrawal memo filed by …

**Ratio:** The legal principle applied is that a party has the right to withdraw a case they have

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**Reasoning:** The court reasoned that since the Operational Creditor filed a withdrawal memo, there was

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**Interpretation:** The interpretation is that the court acknowledges the right of a party to

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**Application:** In this specific case, the Operational Creditor, Johnson & Johnson Surgical

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** JOHNSON & JOHNSON…
- **Respondents:** VASAN MEDICAL…

## Timeline

- **2019-03-01 — Hearing…**: Hearing held at 10.30 AM on 01/03/2019 at Chennai Bench, Chennai National Company Law…
- **N/A — Withdrawal Me…**: Operational Creditor counsel…

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