# In the matter of AG Appliances Pvt. Ltd. CP(IB) No. 41-Chd-HP-2021

> NCLT judgment dated 2022-03-09. Citation: TCN-2022-NCLT-03823. The petitioner, Joginder Singh Cheema Prop. Classic Shamping, sought to withdraw the present…

- **Court:** NCLT
- **Order date:** 9 Mar 2022
- **Citation:** TCN-2022-NCLT-03823
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ag-appliances-pvt-ltd-cpib-no-41-chd-hp-2021-62481004

## Summary

### Background

The petitioner, Joginder Singh Cheema Prop. Classic Shamping, sought to withdraw the present petition. CIRP proceedings had already been initiated against the respondent-corporate debtor, AG Appliances Pvt. Ltd, vide order dated 18.06.2021 passed in CP(IB) No. 223/Chd/HP/2020; Smt. Kanika Dandona through her Attorney Holder Shri. Jatin Dandona Versus AG Appliances Private Limited.

## Facts

Joginder Singh Cheema Prop. Classic Shamping (Petitioner) filed a petition against AG Appliances Pvt. Ltd (Respondent). The petitioner, represented by Mr. Vishav Bharti Gupta, Advocate, sought to withdraw the petition. CIRP proceedings had already been initiated against AG Appliances Pvt. Ltd, the respondent-corporate debtor, vide order dated 18.06.2021 in CP(IB) No. 223/Chd/HP/2020; Smt. Kanika Dandona through her Attorney Holder Shri. Jatin Dandona Versus AG Appliances Private Limited. The court dismissed the petition as withdrawn based on the petitioner's counsel's statement.

## Issues and analysis

### Issue 1: Whether the petitioner can withdraw the present petition given that CIRP proceedings have already …

**Ratio:** A petitioner may withdraw a petition if CIRP proceedings have already been initiated

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**Reasoning:** The court considered the statement made by the learned counsel for the petitioner and the

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**Interpretation:** The interpretation is that the court has the discretion to allow the withdrawal

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**Application:** In this case, the court applied the ratio by considering the petitioner's

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## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Appellants:** Joginder Singh…
- **Respondents:** AG Appliances…

## Timeline

- **2021-06-18 — Order Da…**: Order dated 18.06.2021 passed by this Bench in CP(IB) No. 223/Chd/HP/2020; Smt. Kanika…
- **2022-03-09 — Petition Di…**: The present petition is…

## 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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