# In the matter of Jaiprakash Associates Ltd. CP No.(IB)77-ALD-2020

> NCLT judgment dated 2022-02-10. Citation: TCN-2022-NCLT-04199. The case pertains to CP No.(IB)77/ALD/2020 before the National Company Law Tribunal, Allahabad…

- **Court:** NCLT
- **Order date:** 10 Feb 2022
- **Citation:** TCN-2022-NCLT-04199
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/jaiprakash-associates-ltd-cp-noib77-ald-2020-e3d4ebc5

## Summary

### Background

The case pertains to CP No.(IB)77/ALD/2020 before the National Company Law Tribunal, Allahabad Bench. The matter involves Concrete Chemicals Pvt Ltd V/S Jaiprakash Associates Ltd. The hearing took place on February 10, 2022.

## Facts

The case involves Concrete Chemicals Pvt Ltd as the operational creditor and Jaiprakash Associates Ltd. The counsel for the operational creditor was present during the hearing. However, there was no representation for the corporate debtor. The operational creditor requested the withdrawal of the petition, and the NCLT subsequently dismissed the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petition filed by the operational …

**Ratio:** A petition can be dismissed as withdrawn if the party that filed the petition requests

…

**Reasoning:** The court accepted the request of the counsel appearing for the operational creditor to

…

**Interpretation:** This legal issue involves the interpretation of the procedural aspects of the

…

**Application:** In this specific case, the operational creditor, Concrete Chemicals Pvt Ltd,

…

## Parties

- **Judges:** Rajasekha…; SH. AVINASH KUMAR…
- **Appellants:** Concrete Chemicals…
- **Respondents:** Jaiprakash…

## Timeline

- **2022-02-10 — Hearing…**: Hearing held on February 10, 2022, where…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/jaiprakash-associates-ltd-cp-noib77-ald-2020-e3d4ebc5