# In the matter of Rajputana Construction Pvt. Ltd.

> NCLT judgment dated 2025-10-07. Citation: TCN-2025-NCLT-01528. ICICI Bank Ltd. filed a CP under Section 7 of IBC, 2016 against Rajputana Construction Pvt. Ltd.

- **Court:** NCLT
- **Order date:** 7 Oct 2025
- **Citation:** TCN-2025-NCLT-01528
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-jaipur/rajputana-construction-pvt-ltd-a2ffb436

## Summary

### Background

ICICI Bank Ltd. filed a CP under Section 7 of IBC, 2016 against Rajputana Construction Pvt. Ltd.

## Facts

ICICI Bank Ltd. is the Financial Creditor.

Rajputana Construction Pvt. Ltd. is the Corporate Debtor.

The case was filed under Section 7 of the IBC, 2016.

The petitioner sought permission to withdraw the CP.

The court allowed the withdrawal of the CP.

## Issues and analysis

### Issue 1: Whether the petitioner can be granted permission to withdraw the present CP filed under Section 7 …

**Ratio:** The court has the discretion to allow the

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**Reasoning:** The Ld. Counsel for the petitioner sought permission to withdraw the present CP, and the

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**Interpretation:** The court interpreted the law to

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**Application:** The court applied its discretion to

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## Parties

- **Judges:** Reeta K…; Kavita Bha…
- **Appellants:** ICICI Ban…
- **Respondents:** Rajputana…
- **Advocates:** Anubha…; Akshita K…

## Timeline

- **2025-10-07 — Order Da…**: Order issued allowing…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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