# In the matter of Amul Industries Limited

> NCLT judgment dated 2022-10-19. Citation: TCN-2022-NCLT-00663. The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC).…

- **Court:** NCLT
- **Order date:** 19 Oct 2022
- **Citation:** TCN-2022-NCLT-00663
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/amul-industries-limited-2cd3d5cd

## Summary

### Background

The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant, Kalyani Forge Limited, sought to withdraw its application. The respondent is Amul Industries Limited.

## Facts

Kalyani Forge Limited filed an application under Section 9 of the IBC against Amul Industries Limited. Kalyani Forge Limited, the applicant, sought to withdraw the application. The applicant's counsel submitted the desire to withdraw the application and filed a withdrawal affidavit. The court considered the submission and the affidavit.

## Issues and analysis

### Issue 1: Whether the applicant should be allowed to withdraw the application with liberty to pursue other …

**Ratio:** An applicant can withdraw an application if they desire to do so and have filed a

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**Reasoning:** The court reasoned that allowing the withdrawal would enable the applicant to explore

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**Interpretation:** The interpretation of the law allows an applicant to withdraw their

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**Application:** In this specific case, the applicant, Kalyani Forge Limited, expressed a desire

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Kalyani Forge…
- **Respondents:** Amul Industries…

## Timeline

- **2023-10-19 — Order Del…**: The order was delivered allowing the…

## 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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