# In the matter of Vibrant Greentech India Pvt. Ltd. Company Petition IB-188-2022

> NCLT judgment dated 2022-12-14. Citation: TCN-2022-NCLT-00161. The case involves a Company Petition IB/188/2022 before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 14 Dec 2022
- **Citation:** TCN-2022-NCLT-00161
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/vibrant-greentech-india-pvt-ltd-company-petition-ib-188-2022-c2c2821e

## Summary

### Background

The case involves a Company Petition IB/188/2022 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petitioner, Vestas Wind Technology India Pvt Ltd, filed the petition against the respondent, Vibrant Greentech India Pvt Ltd. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).

## Facts

The case originates from a Company Petition, specifically IB/188/2022, filed under Section 9 of the IBC. Vestas Wind Technology India Pvt Ltd initiated the petition against Vibrant Greentech India Pvt Ltd. During the hearing, the petitioner's counsel submitted a withdrawal memo, signaling their intent to discontinue the legal action. The presence of Mr. Y. Suryanarayana, representing the corporate debtor, Vibrant Greentech India Pvt Ltd, is noted. The key fact is the petitioner's decision to withdraw the petition, leading to its dismissal.

## Issues and analysis

### Issue 1: Whether the Company Petition IB/188/2022 should be dismissed given the petitioner's filing of a …

**Ratio:** A petitioner has the right to withdraw a petition filed before a court or tribunal, and

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**Reasoning:** The court reasoned that since the petitioner's counsel filed a withdrawal memo, it

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**Interpretation:** The interpretation is that the petitioner's voluntary withdrawal of the

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**Application:** In this specific case, the petitioner, Vestas Wind Technology India Pvt Ltd,

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## Parties

- **Judges:** (retd) TELAPROLU…; SH. CHARAN…
- **Appellants:** Vestas Wind…
- **Respondents:** Vibrant Greentech…

## Timeline

- **2022-12-14 — Hearing of National…**: Hearing held at…
- **N/A — Withdrawal…**: Counsel for the Petitioner…

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