# In the matter of Greatech Telecom Technologies Pvt. Ltd. New IA-2809-ND-2022 in IB-1462-ND-2019

> NCLT judgment dated 2022-07-01. Citation: TCN-2022-NCLT-04626. An application was filed under Section 12A of the Insolvency & Bankruptcy Code, 2016 for…

- **Court:** NCLT
- **Order date:** 1 Jul 2022
- **Citation:** TCN-2022-NCLT-04626
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/greatech-telecom-technologies-pvt-ltd-new-ia-2809-nd-2022-in-ib-1462-nd-2019-fcf7e74a

## Summary

### Background

An application was filed under Section 12A of the Insolvency & Bankruptcy Code, 2016 for withdrawal of the main petition.

## Facts

An application was filed under Section 12A of the Insolvency & Bankruptcy Code, 2016 for withdrawal of the main petition.

The Learned Counsel for the IRP stated that the matter has been settled.

The IRP has received the relevant amount, fees, and costs.

The IRP is discharged from his duties.

The application IA-2809/ND/2022 is allowed and disposed of as withdrawn.

The Corporate Debtor is discharged from the rigours of the CIRP proceedings.

The management shall be controlled by the Board of Directors of the Corporate Debtor.

IB-1462/ND/2019 is disposed of.

## Issues and analysis

### Issue 1: Whether the application for withdrawal of the main petition under Section 12A of the Insolvency …

**Ratio:** Section 12A of the Insolvency & Bankruptcy Code, 2016 allows for the withdrawal of an

…

**Reasoning:** The Learned Counsel for the IRP stated that the matter has been settled, and the IRP has

…

**Interpretation:** The settlement between the parties and the receipt of dues by the IRP justify

…

**Application:** The application IA-2809/ND/2022 is

…

## Parties

- **Judges:** DHARMINDER…; BINOD KUMAR…
- **Appellants:** Royale Resinex…; New IA-2809/ND/202…
- **Respondents:** Greatech Telecom…
- **Advocates:** R. K. G…; Abhinav Ag…; +1 more

## Timeline

- **2022-07-01 — Order Del…**: Order delivered on 01.07.2022 regarding the withdrawal of the application and discharge…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-new-delhi/greatech-telecom-technologies-pvt-ltd-new-ia-2809-nd-2022-in-ib-1462-nd-2019-fcf7e74a