# In the matter of Ardee Hi-Tech Private limited IA(IBC) No. 239-2022 in CP No. 61-9-AMR-2020

> NCLT judgment dated 2022-09-30. Citation: TCN-2022-NCLT-00863. The case involves CP No.61/9/AMR/2020 and IA(IBC) No.239/2022 before the National Company Law…

- **Court:** NCLT
- **Order date:** 30 Sept 2022
- **Citation:** TCN-2022-NCLT-00863
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ardee-hi-tech-private-limited-iaibc-no-239-2022-in-cp-no-61-9-amr-2020-06f14f79

## Summary

### Background

The case involves CP No.61/9/AMR/2020 and IA(IBC) No.239/2022 before the National Company Law Tribunal, Amaravati Bench. The hearing was held on September 30, 2022. The matter pertains to Section 12A of the Insolvency and Bankruptcy Code (IBC).

## Facts

The case involves CP No.61/9/AMR/2020 and IA(IBC) No.239/2022. The applicant in IA(IBC) No.239/2022 is Mr. Suresh Kedia & Anther, and the respondent is M/s. Ardee Hitech Private Limited. The application IA(IBC) No.239/2022 was allowed, and as a result, CP No.61/9/AMR/2020 was dismissed as withdrawn. This suggests that the parties may have reached a settlement or resolution, leading to the withdrawal of the main petition.

## Issues and analysis

### Issue 1: Whether IA(IBC) …

**Ratio:** The court has the discretion to allow applications based on the merits and circumstances

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**Reasoning:** The court allowed IA(IBC) No.239/2022, suggesting that the application met the necessary

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**Interpretation:** This indicates that the court found sufficient grounds to grant the reliefs

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**Application:** The ratio applies directly to the facts, as the court's decision to allow the

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## Parties

- **Judges:** TELAPROLU…
- **Appellants:** Mr.Suresh…
- **Respondents:** M/s.Ardee Hitech…

## Timeline

- **2022-09-30 — Hearing…**: Hearing held on September…
- **2022-09-30 — Order…**: IA(IBC) No.239/2022 is allowed, and CP…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

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