# In the matter of Bank of Baroda vs. Harshit Dhawan

> NCLT judgment dated 2023-04-10. Citation: TCN-2023-NCLT-03889. The case involves IA No.380/2022 in CP (IB) No.58/ALD/2022 before the National Company Law…

- **Court:** NCLT
- **Order date:** 10 Apr 2023
- **Citation:** TCN-2023-NCLT-03889
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/bank-of-baroda-vs-harshit-dhawan-0a3f024c

## Summary

### Background

The case involves IA No.380/2022 in CP (IB) No.58/ALD/2022 before the National Company Law Tribunal, Allahabad Bench, Prayagraj. The petitioner sought to withdraw the petition, stating that the matter had been settled.

## Facts

The petitioner, represented by its counsel, stated that the matter had been settled and sought to withdraw the petition. The respondent personal guarantor was not present. The case is IA No.380/2022 in CP (IB) No.58/ALD/2022. The name of the company is Bank of Baroda V/S Harshit Dhawan.

## Issues and analysis

### Issue 1: Whether the petition can be dismissed as withdrawn based on the petitioner's counsel's statement …

**Ratio:** A party can withdraw a petition

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**Reasoning:** The court accepted the statement of the petitioner's counsel that the matter had been

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**Interpretation:** The court interpreted the petitioner's request to withdraw the petition as an

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**Application:** Since the petitioner's counsel stated that the matter was settled, the court

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Bank of B…
- **Respondents:** Harshit D…

## Timeline

- **2023-04-10 — Order Da…**: The order was issued…

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