# In the matter of Unison Hotels Pvt. Ltd.

> NCLT judgment dated 2023-10-30. Citation: TCN-2023-NCLT-01004. The case pertains to an application filed by the Interim Resolution Professional (IRP) seeking…

- **Court:** NCLT
- **Order date:** 30 Oct 2023
- **Citation:** TCN-2023-NCLT-01004
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/unison-hotels-pvt-ltd-bef852e7

## Summary

### Background

The case pertains to an application filed by the Interim Resolution Professional (IRP) seeking to withdraw a Corporate Insolvency Resolution Process (CIRP) application under IB-596(ND)/2020. The initial order admitted the CIRP, but the current application seeks to terminate it.

## Facts

M/s. Rama Tent House filed a petition against M/s. Unisons Hotels Pvt. Ltd. under Section 9 of the IB Code, 2016, leading to the initiation of CIRP. The IRP subsequently filed an application (IA/5810/2023) to withdraw the CIRP. The court heard the counsel for the applicant and granted liberty to withdraw the Company Petition bearing IB/596/ND/2020. The order admitting CIRP was terminated, and the IRP was discharged. The moratorium issued under Section 14 was also terminated as a consequence of the CIRP termination. The Company Petition bearing IB/596/ND/2020 was dismissed as withdrawn.

## Issues and analysis

### Issue 1: Whether the IRP's application for …

**Ratio:** Regulation 30A(1)(a) of the IBBI (IRP for Corporate Persons) allows the IRP to seek

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**Reasoning:** The court considered the application filed by the IRP and the submissions made by the

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**Interpretation:** The interpretation of Regulation 30A(1)(a) allows for the withdrawal of CIRP if

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**Application:** The court applied Regulation 30A(1)(a) to the facts of the case, where the IRP

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; RAHUL BHA…
- **Appellants:** M/s. Rama Tent…
- **Respondents:** M/s. Unisons…
- **Advocates:** Milan Sing…; Nikhil Kr…; +1 more

## Timeline

- **2023-10-30 — Order Del…**: Order delivered on the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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