# In the matter of Ombl Infraprojects Pvt. Ltd. CP No.(IB)11-ALD-2021 > NCLT judgment dated 2022-02-07. Citation: TCN-2022-NCLT-04235. The case pertains to CP No.(IB)11/ALD/2021 filed before the National Company Law Tribunal… - **Court:** NCLT - **Order date:** 7 Feb 2022 - **Citation:** TCN-2022-NCLT-04235 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/ombl-infraprojects-pvt-ltd-cp-noib11-ald-2021-2f4494a7 ## Summary ### Background The case pertains to CP No.(IB)11/ALD/2021 filed before the National Company Law Tribunal (NCLT), Allahabad Bench. The operational creditor sought to withdraw the petition based on an out-of-court settlement. ## Facts The case involves Granite Centre India V/S OMBL Infraprojects Pvt Ltd. The operational creditor filed a petition under Section 9 of the IBC. The operational creditor's counsel appeared and sought leave to withdraw the petition due to an out-of-court settlement. There was no representation for the corporate debtor. The NCLT, Allahabad Bench, dismissed the petition as withdrawn. ## Issues and analysis ### Issue 1: Whether the operational creditor can withdraw a petition filed under Section 9 of the IBC based on … **Ratio:** An operational creditor is generally permitted to withdraw a petition filed under Section … **Reasoning:** The court allowed the withdrawal based on the submission made by the operational … **Interpretation:** This implies that the NCLT recognizes and respects the autonomy of parties to … **Application:** In this case, the operational creditor sought to withdraw the petition due to … ## Parties - **Judges:** Rajasekha…; Virendra Kumar… - **Respondents:** OMBL Infraprojects… ## Timeline - **2022-02-07 — Hearing…**: Hearing held on… --- 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/ombl-infraprojects-pvt-ltd-cp-noib11-ald-2021-2f4494a7