# In the matter of Proview Infrastructure Private Limited IA-3284-ND-2022 in IB-84-ND-2022

> NCLT judgment dated 2022-08-22. Citation: TCN-2022-NCLT-01320. The case involves an application (IA/3284/ND/2022) in the matter of L&T Finance Limited versus…

- **Court:** NCLT
- **Order date:** 22 Aug 2022
- **Citation:** TCN-2022-NCLT-01320
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/proview-infrastructure-private-limited-ia-3284-nd-2022-in-ib-84-nd-2022-8eadc91b

## Summary

### Background

The case involves an application (IA/3284/ND/2022) in the matter of L&T Finance Limited versus Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant sought to withdraw the application. Additionally, the main petition (IB-84/ND/2022) was also sought to be withdrawn due to CIRP proceedings initiated by the tribunal in another case (IB-199/2022) titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited.

## Facts

L&T Finance Limited filed an application against Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant, represented by Mr. Chaturvedi, sought to withdraw the application (IA No. 3284/ND/2022). Simultaneously, the applicant, represented by Ms. Nishtha Chaturvedi, also sought to withdraw the main petition (IB-84/ND/2022). This withdrawal was motivated by the initiation of CIRP proceedings by the tribunal in case IB-199/2022, titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited. The court considered the statements made by the learned counsel for the applicant.

## Issues and analysis

### Issue 1: Whether the applicant should be allowed to withdraw the interlocutory application (IA No. …

**Ratio:** An applicant is generally permitted to withdraw an application if they so desire,

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**Reasoning:** The court considered the statement made by the learned counsel for the applicant

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**Interpretation:** The legal principle allows for the voluntary withdrawal of applications,

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**Application:** The applicant's request to withdraw IA No. 3284/ND/2022 was granted, and the

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## Parties

- **Judges:** DHARMINDER…; BINOD KUMAR…
- **Appellants:** L&T Finance…
- **Respondents:** Proview Infrastruc…

## Timeline

- **2022-08-22 — Order Del…**: Order delivered on the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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