# In the matter of S D Engineerstech Pvt. Ltd. IB-175-ND-2022

> NCLT judgment dated 2022-03-07. Citation: TCN-2022-NCLT-03874. The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).…

- **Court:** NCLT
- **Order date:** 7 Mar 2022
- **Citation:** TCN-2022-NCLT-03874
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/s-d-engineerstech-pvt-ltd-ib-175-nd-2022-bd325801

## Summary

### Background

The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petitioner sought to withdraw the petition with the liberty to file afresh.

## Facts

Mis. Nancy Ispat Pvt. Ltd. filed a petition against S. D. Engineers Tech Pvt. Ltd. under Section 9 of the IBC. The petitioner, Mis. Nancy Ispat Pvt. Ltd., through its Learned Counsel, requested to withdraw the petition with the liberty to file it afresh. The court considered this request.

## Issues and analysis

### Issue 1: Whether the petitioner should be allowed to withdraw …

**Ratio:** The legal principle applied is the court's discretion to allow withdrawal of a petition,

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**Reasoning:** The court reasoned that allowing the withdrawal with the liberty to file afresh would not

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**Interpretation:** The interpretation of the law allows for the withdrawal of petitions under

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**Application:** The court applied this principle by allowing Mis. Nancy Ispat Pvt. Ltd. to

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## Parties

- **Judges:** DHARMINDER…; SUMITAPURKA…
- **Appellants:** Mis Nancy Ispat…
- **Respondents:** S. D. Engineers…

## Timeline

- **2022-03-07 — Order Del…**: The order was delivered, dismissing the petition as withdrawn with the liberty to file…

## 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)

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