# In the matter of Prasandi Infotech Park Pvt. Ltd. CP No. (IB) 62-ALD-2019

> NCLT judgment dated 2022-01-10. Citation: TCN-2022-NCLT-04481. The case pertains to CP No. (IB) 62/ALD/2019 filed before the National Company Law Tribunal,…

- **Court:** NCLT
- **Order date:** 10 Jan 2022
- **Citation:** TCN-2022-NCLT-04481
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/prasandi-infotech-park-pvt-ltd-cp-no-ib-62-ald-2019-f39fe1b9

## Summary

### Background

The case pertains to CP No. (IB) 62/ALD/2019 filed before the National Company Law Tribunal, Allahabad Bench. The matter involves Edelweiss Reconstruction Asset Company Ltd V/S Prasandi Infotech Park Pvt Ltd. The hearing was held on January 10, 2022.

## Facts

Edelweiss Reconstruction Asset Company Ltd filed a case (CP No. (IB) 62/ALD/2019) against Prasandi Infotech Park Pvt Ltd under Section 7 of the IBC. The case was heard on January 10, 2022, before the National Company Law Tribunal, Allahabad Bench. The petitioner's counsel requested the dismissal of the case, and the tribunal granted the request, dismissing the case as withdrawn. The presence of learned counsel for both parties indicates that both sides were aware of the proceedings and the decision to withdraw the case.

## Issues and analysis

### Issue 1: Whether the CP No.(IB) 62/ALD/2019 can be dismissed as withdrawn based on the request of the …

**Ratio:** A case can be dismissed as withdrawn if the petitioner requests such dismissal,

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**Reasoning:** The court accepted the request of the petitioner's counsel to dismiss the case as

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**Interpretation:** The interpretation is that the court has the discretion to allow the withdrawal

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**Application:** In this specific instance, the petitioner, Edelweiss Reconstruction Asset

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## Parties

- **Judges:** Rajasekha…; Prasanta Kumar…
- **Appellants:** Edelweiss…
- **Respondents:** Prasandi Infotech…

## Timeline

- **2019-01-01 — Case Fil…**: CP No. (IB) 62/ALD/2019…
- **2022-01-10 — Hearing…**: Hearing held on January…

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