# In the matter of M/s. L & T Finance Ltd Vs. Arvind Dham, CP IB-499(ND)/2020

> NCLT judgment dated 2022-04-06. Citation: TCN-2022-NCLT-03343. The case involves an application filed by M/s. L&T Finance Ltd. against Arvind Dham, a personal…

- **Court:** NCLT
- **Order date:** 6 Apr 2022
- **Citation:** TCN-2022-NCLT-03343
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ms-l-t-finance-ltd-vs-arvind-dham-cp-ib-499-64e8f1e1

## Summary

### Background

The case involves an application filed by M/s. L&T Finance Ltd. against Arvind Dham, a personal guarantor, under Section 95 of the Insolvency and Bankruptcy Code (IBC). The applicant sought to withdraw the application.

## Facts

M/s. L&T Finance Ltd. filed an application against Arvind Dham, who is identified as a personal guarantor. The application was filed under Section 95 of the IBC, specifically IB-499(ND)/2020. The applicant, M/s. L&T Finance Ltd., subsequently sought to withdraw the application. The court considered this request for withdrawal.

## Issues and analysis

### Issue 1: Whether the application filed by M/s. L&T Finance Ltd. under Section 95 of the IBC can be …

**Ratio:** The legal principle applied is that an applicant can withdraw an application with the

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**Reasoning:** The court reasoned that since the applicant sought to withdraw the application, and no

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**Interpretation:** This interpretation allows for the withdrawal of applications under Section 95

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**Application:** In this specific case, the applicant, M/s. L&T Finance Ltd., sought to

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## Parties

- **Judges:** BACHU VENKAT…; Virendra Kumar…
- **Appellants:** M/S. L & T…
- **Respondents:** Arvind…
- **Advocates:** Swati M…; Abhishek…; +1 more

## Timeline

- **2020-01-01 — Application…**: Application IB-499(ND)/2020…
- **2022-04-06 — Order Del…**: Order delivered dismissing…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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