# In the matter of Vitthal Refined Sugars Ltd. CP(IB)-1344(MB)-2017

> NCLT judgment dated 2018-05-03. Citation: TCN-2018-NCLT-01465. The case involves a Company Petition filed under the Insolvency & Bankruptcy Code, 2016. The…

- **Court:** NCLT
- **Order date:** 3 May 2018
- **Citation:** TCN-2018-NCLT-01465
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/vitthal-refined-sugars-ltd-cpib-1344mb-2017-af5f5d8e

## Summary

### Background

The case involves a Company Petition filed under the Insolvency & Bankruptcy Code, 2016. The petitioner submitted a withdrawal application.

## Facts

Mitcon Consultancy & Engineering Serv. Pvt. Ltd. filed a Company Petition against Vitthal Refined Sugars Ltd. under the Insolvency & Bankruptcy Code, 2016. The petitioner, Mitcon Consultancy & Engineering Serv. Pvt. Ltd., subsequently submitted a withdrawal application. Based on this application, the NCLT Mumbai Bench dismissed the Company Petition.

## Issues and analysis

### Issue 1: Whether the Company Petition should be dismissed …

**Ratio:** A petitioner has the right to withdraw a petition, and the court has the discretion to

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**Reasoning:** The court considered the petitioner's withdrawal application and found it appropriate to

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**Interpretation:** The legal interpretation is that a petitioner's request for withdrawal can be a

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**Application:** In this case, the petitioner, Mitcon Consultancy & Engineering Serv. Pvt.

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## Parties

- **Judges:** B.S.V. Prakash…; Ravikumar…; +1 more
- **Appellants:** Mitcon Consultancy…
- **Respondents:** Vitthal Refined…

## Timeline

- **2018-05-03 — Order Shee…**: Order sheet of the hearing of Mumbai Bench…

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