# In the matter of Bench Mark Infotech Services Pvt. Ltd. C.P. (IB)-20(KB)2021

> NCLT judgment dated 2022-07-01. Citation: TCN-2022-NCLT-01954. The case pertains to CP(IB)/20(KB)2021 before the National Company Law Tribunal, Kolkata Bench.…

- **Court:** NCLT
- **Order date:** 1 Jul 2022
- **Citation:** TCN-2022-NCLT-01954
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/bench-mark-infotech-services-pvt-ltd-cp-ib-20kb2021-9a14f43e

## Summary

### Background

The case pertains to CP(IB)/20(KB)2021 before the National Company Law Tribunal, Kolkata Bench. An Interlocutory Application (IA) was filed, and the Operational Creditor sought permission to withdraw the main Corporate Insolvency Resolution Process (CIRP) application.

## Facts

The case involves AGC Network Ltd versus Bench Mark Infotech Services Pvt. Ltd. An Operational Creditor filed a Corporate Insolvency Resolution Process (CIRP) application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Operational Creditor subsequently sought permission to withdraw the main CIRP application through an Interlocutory Application (IA). The court granted the permission, leading to the disposal of the CIRP application and the related IA.

## Issues and analysis

### Issue 1: Whether the Operational Creditor can be granted permission to withdraw the main Corporate …

**Ratio:** The court has the discretion to allow the withdrawal of a CIRP application if it deems

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**Reasoning:** The court granted permission based on the Operational Creditor's request to withdraw the

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**Interpretation:** This indicates that the court interprets the IBC as allowing for withdrawal of

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**Application:** The ratio and reasoning were applied to the specific facts where the

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## Parties

- **Judges:** Rohit K…; Harish Chander…; +1 more
- **Appellants:** AGC NETWO…
- **Respondents:** BENCH MARK…

## Timeline

- **2022-07-01 — Hearing…**: Hearing held on July 1,…
- **N/A — IA(IBC)/634(…**: IA taken on Board and…

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