# In the mater of Coromandel Agrico Pvt. Ltd. CP No. (IB) 56-ALD-2021

> NCLT judgment dated 29 Sept 2021. Citation: TCN-2021-NCLT-00963. The case pertains to CP NO.(IB)56/ALD/2021 filed before the National Company Law Tribunal,…

- **Court:** NCLT
- **Order date:** 29 Sept 2021
- **Citation:** TCN-2021-NCLT-00963
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/in-the-mater-of-coromandel-agrico-pvt-ltd-cp-no-ib-56-ald-2021-0c77737b

## Summary

### Background

The case pertains to CP NO.(IB)56/ALD/2021 filed before the National Company Law Tribunal, Allahabad Bench. The applicant sought to withdraw the application due to typographical errors and sought liberty to file a fresh application.

## Facts

Microchem Specialities Trade Ltd filed an application against M/S Coromandel Agrico Pvt Ltd under Section 9 of the IBC. The applicant, Microchem Specialities Trade Ltd, sought to withdraw the application due to typographical errors and requested the liberty to file a fresh application. The NCLT Allahabad bench allowed the withdrawal with liberty to file a fresh application and disposed of the application. The key fact is the applicant's request to withdraw the application due to errors and the court's acceptance of this request.

## Issues and analysis

### Issue 1: Whether the applicant should be allowed to withdraw the application due to typographical errors and …

**Ratio:** An applicant is generally allowed to withdraw an application if there are valid reasons,

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**Reasoning:** The court reasoned that the applicant's explanation of typographical errors was a valid

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**Interpretation:** This legal issue involves the interpretation of procedural rules regarding the

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** DEEPTI M…; SUMITA PURK…
- **Appellants:** MICROCHEM…
- **Respondents:** M/S COROMANDEL…

## Timeline

- **2021-09-29 — Order Del…**: Order delivered on the…

## 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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