# In the matter of 21 Auto India Pvt. Ltd. IA 1455-2022 in C.P. (IB) 3486-MB-2019

> NCLT judgment dated 2022-06-03. Citation: TCN-2022-NCLT-04702. The Applicant sought to withdraw the main Company Petition bearing CP (IB) No. 3486 of 2019.

- **Court:** NCLT
- **Order date:** 3 Jun 2022
- **Citation:** TCN-2022-NCLT-04702
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/21-auto-india-pvt-ltd-ia-1455-2022-in-cp-ib-3486-mb-2019-65cbc32b

## Summary

### Background

The Applicant sought to withdraw the main Company Petition bearing CP (IB) No. 3486 of 2019.

## Facts

The Applicant prayed for withdrawal of the main Company Petition bearing CP (IB) No. 3486 of 2019.

The Applicant's counsel submitted that despite best efforts, the Corporate Debtor could not be served.

The Corporate Debtor did not appear before the Court despite service of notice by way of paper publication.

The Applicant decided to withdraw the Company Petition.

## Issues and analysis

### Issue 1: Whether the Applicant should be allowed to withdraw the main Company Petition bearing CP (IB) No. …

**Ratio:** The Court has the discretion to

…

**Reasoning:** The Applicant could not serve the Corporate Debtor despite best efforts, and the

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**Interpretation:** The Court interpreted the circumstances as justifying the withdrawal of the

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**Application:** The Court allowed the Applicant to withdraw the main Company Petition bearing

…

## Parties

- **Judges:** K.K. V…; P.N. Des…
- **Appellants:** India bulls…
- **Respondents:** 21 Auto India Pvt…
- **Advocates:** Suyesha K…

## Timeline

- **2022-06-03 — Order Sheet of the…**: Order sheet of the…

## 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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