# In the matter of Edque Solutions Pvt. Ltd. IB-422-ND-2021

> NCLT judgment dated 2022-07-19. Citation: TCN-2022-NCLT-01654. The case involves Ingram Micro India Pvt. Ltd. as the applicant/petitioner and Edque Solutions…

- **Court:** NCLT
- **Order date:** 19 Jul 2022
- **Citation:** TCN-2022-NCLT-01654
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/edque-solutions-pvt-ltd-ib-422-nd-2021-85fc48ac

## Summary

### Background

The case involves Ingram Micro India Pvt. Ltd. as the applicant/petitioner and Edque Solutions Pvt. Ltd. as the respondent. The matter was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Counsels for both parties appeared and stated that the matter has been settled.

## Facts

Ingram Micro India Pvt. Ltd. filed a petition (IB-422/ND/2021) against Edque Solutions Pvt. Ltd. under Section 9 of the IBC, 2016. During the proceedings, counsels for both parties informed the court that the matter had been settled. Consequently, the counsel for the applicant, Ingram Micro India Pvt. Ltd., requested to withdraw the petition. The court, considering the statement of the applicant's counsel, permitted the withdrawal of the petition.

## Issues and analysis

### Issue 1: Whether the petition IB-422/ND/2021 should be dismissed as withdrawn, given the settlement between …

**Ratio:** A petition can be withdrawn if the parties have settled the matter and the applicant

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**Reasoning:** The court considered the statement made by the Ld. Counsel for the Applicant, indicating

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**Interpretation:** This reflects the principle that courts generally respect the autonomy of

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**Application:** In this case, the counsels for both parties stated that the matter had been

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## Parties

- **Judges:** SHRI. DHARMINDER…; Shri. L. N.…
- **Appellants:** Ingram Micro…
- **Respondents:** Edque Solutions…

## Timeline

- **2022-07-19 — Order Del…**: The order dismissing 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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