# In the matter of Affordable Robotic & Automation Ltd. C.P.(IB)-1027(MB)-2021

> NCLT judgment dated 2022-08-04. Citation: TCN-2022-NCLT-01467. The case pertains to C.P.(IB)/1027(MB)/2021 filed under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 4 Aug 2022
- **Citation:** TCN-2022-NCLT-01467
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/affordable-robotic-automation-ltd-cpib-1027mb-2021-93a8fb4b

## Summary

### Background

The case pertains to C.P.(IB)/1027(MB)/2021 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Luna Technologies Pvt. Ltd., initiated proceedings against the Corporate Debtor, Affordable Robotic & Automation Ltd.

## Facts

Luna Technologies Pvt. Ltd. (Operational Creditor) filed a petition C.P.(IB)/1027(MB)/2021 against Affordable Robotic & Automation Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the Corporate Debtor paid the entire claim amount to the Operational Creditor. Consequently, the Operational Creditor sought to withdraw the petition. The court allowed the withdrawal and dismissed the case.

## Issues and analysis

### Issue 1: Whether the Operational Creditor can withdraw the petition filed under Section 9 of the Insolvency …

**Ratio:** An Operational Creditor is entitled to withdraw a petition filed under Section 9 of the

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**Reasoning:** The court reasoned that since the Corporate Debtor had paid the entire claim amount to

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**Interpretation:** This interpretation acknowledges the right of the Operational Creditor to

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**Application:** In this case, the Operational Creditor sought to withdraw the petition after

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## Parties

- **Judges:** Manoj Kumar…; KISHORE VEMULAPALL…
- **Appellants:** Luna Technologies…
- **Respondents:** Affordable…

## Timeline

- **2022-08-04 — Order Sheet of…**: Order sheet of the hearing held on 04.08.2022, where the court convened via video…
- **N/A — Petition Withdrawal…**: Counsel for the Operational Creditor submitted that the Operational Creditor intends to…

## 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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