# In the matter of Win Hide Pvt. Ltd. CP-1262-IB-2018

> NCLT judgment dated 2019-02-28. Citation: TCN-2019-NCLT-04648. The case pertains to CP/1262/IB/2018 filed before the Chennai Bench of the National Company Law…

- **Court:** NCLT
- **Order date:** 28 Feb 2019
- **Citation:** TCN-2019-NCLT-04648
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/win-hide-pvt-ltd-cp-1262-ib-2018-0cd8f6c9

## Summary

### Background

The case pertains to CP/1262/IB/2018 filed before the Chennai Bench of the National Company Law Tribunal (NCLT). The Operational Creditor filed a Withdrawal Memo.

## Facts

The core fact is the filing of CP/1262/IB/2018 by Bhansali Chemicals (Madras) Ltd against Win Hide Pvt Ltd. The Operational Creditor's counsel subsequently filed a Withdrawal Memo. The relevance of the Withdrawal Memo is that it led to the dismissal of the case.

## Issues and analysis

### Issue 1: Whether the application CP/1262/IB/2018 should be dismissed given the Withdrawal Memo filed by the …

**Ratio:** The legal principle applied is that an applicant can withdraw their application, leading

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**Reasoning:** The court reasoned that since the Operational Creditor's counsel filed a Withdrawal Memo,

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**Interpretation:** This involves interpreting the procedural rules regarding the withdrawal of

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**Application:** The ratio and reasoning are applied to the specific fact that the Operational

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** BHANSALI CHEMICALS…
- **Respondents:** WIN HIDE P…

## Timeline

- **2018-01-01 — Application…**: CP/1262/IB/2018 was…
- **2019-02-28 — Hearing…**: Hearing held at 10.30…

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