# In the matter of Trig Detectives Private Limited

> NCLT judgment dated 2024-03-18. Citation: TCN-2024-NCLT-02039. The case involves M/S Sawant Cafe, represented by its proprietor Mr. Ajay Sawant, as the…

- **Court:** NCLT
- **Order date:** 18 Mar 2024
- **Citation:** TCN-2024-NCLT-02039
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/trig-detectives-private-limited-dbba5f30

## Summary

### Background

The case involves M/S Sawant Cafe, represented by its proprietor Mr. Ajay Sawant, as the petitioner, and Trig Detectives Private Limited as the respondent. The petitioner filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016.

## Facts

M/S Sawant Cafe, through its proprietor Mr. Ajay Sawant, initiated a Corporate Insolvency Resolution Process (CIRP) against Trig Detectives Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the Corporate Debtor approached the petitioner to settle the matter out of court. Consequently, the petitioner sought permission from the National Company Law Tribunal (NCLT), Mumbai Bench, to withdraw the petition. The NCLT considered the submissions and disposed of the petition as withdrawn.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted permission to withdraw the petition filed under Section 9 …

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

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**Reasoning:** The court reasoned that since the Corporate Debtor had approached the petitioner to

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**Interpretation:** This interpretation acknowledges the court's power to permit withdrawal of

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**Application:** In this specific case, the court applied the ratio by considering the Corporate

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## Parties

- **Judges:** Reeta K…; Madhu S…
- **Appellants:** M/S Sawant Cafe…
- **Respondents:** Trig Detectives…

## Timeline

- **2024-03-18 — Order Del…**: The order was delivered on March 18, 2024,…

## 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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