# In the matter of Corus Vitrified Pvt. Ltd.

> NCLT judgment dated 2024-05-01. Citation: TCN-2024-NCLT-01491. The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC).…

- **Court:** NCLT
- **Order date:** 1 May 2024
- **Citation:** TCN-2024-NCLT-01491
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/corus-vitrified-pvt-ltd-5fc89fb7

## Summary

### Background

The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant sought to withdraw the application.

## Facts

The applicant, Belgium Glass And Ceramics Pvt Ltd, filed an application under Section 9 of the IBC against the respondent, Cours Vitrified Pvt Ltd. The applicant subsequently sought permission to withdraw the application and filed a withdrawal affidavit. The court granted permission to withdraw the application.

## Issues and analysis

### Issue 1: Whether the applicant should be granted permission to withdraw the application filed under Section …

**Ratio:** The court has the discretion to allow the withdrawal of an application if the applicant

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**Reasoning:** The court considered the applicant's request and the fact that a withdrawal affidavit had

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**Interpretation:** This case demonstrates the court's willingness to allow the withdrawal of

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**Application:** In this specific case, the applicant sought to withdraw the application, and

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Belgium Glass And…
- **Respondents:** Cours Vitrified…

## Timeline

- **2023-01-01 — Filing of CP(IB)/45(AHM)…**: CP(IB)/45(AHM)2023 was…
- **2024-05-01 — Order for Wit…**: The court granted permission for the applicant to withdraw the application, and the case…

## 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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