# In the matter of Vanamaali Infra Pvt. Ltd. Company Petition IB-20-2023

> NCLT judgment dated 2023-07-04. Citation: TCN-2023-NCLT-05376. The case involves a Company Petition IB/20/2023 filed under Section 9 of the IBC.

- **Court:** NCLT
- **Order date:** 4 Jul 2023
- **Citation:** TCN-2023-NCLT-05376
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/vanamaali-infra-pvt-ltd-company-petition-ib-20-2023-11332264

## Summary

### Background

The case involves a Company Petition IB/20/2023 filed under Section 9 of the IBC.

## Facts

A memo seeking permission for withdrawal was filed online and physically by the Counsel for the Petitioner.

The Petitioner sought to withdraw the application stating that the matter is settled between the parties.

The application was dismissed with liberty to revive the application in case the settlement is not fulfilled.

The Company Petition number is IB/20/2023.

## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of IBC can be dismissed based on the petitioner's …

**Ratio:** The court can dismiss an application if the petitioner seeks withdrawal based on a

…

**Reasoning:** The petitioner's submission and the furnished memo indicate a settlement, justifying the

…

**Interpretation:** The court interprets the petitioner's request as a valid ground for dismissing

…

**Application:** The court applied this principle by dismissing the application after the

…

## Parties

- **Judges:** TELAPROLU…; SH. CHARAN…
- **Appellants:** Ratnajyot Steel…
- **Respondents:** Vanamaali Infra…

## Timeline

- **2023-07-04 — Hearing…**: Hearing held on…

## 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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