# In the matter of Perfect Buildwell Pvt.  Ltd. IB-129-ND-2021

> NCLT judgment dated 2022-05-04. Citation: TCN-2022-NCLT-04860. The case involves a petition filed under Section 9 of the IBC Code.

- **Court:** NCLT
- **Order date:** 4 May 2022
- **Citation:** TCN-2022-NCLT-04860
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/perfect-buildwell-pvt-ltd-ib-129-nd-2021-470c586f

## Summary

### Background

The case involves a petition filed under Section 9 of the IBC Code.

## Facts

The matter has been settled between the parties.

The entire agreed amount has been received by the party.

The petitioner's counsel does not want to withdraw the present matter.

The petition is dismissed as withdrawn based on the statement of the petitioner's counsel.

## Issues and analysis

### Issue 1: Whether the petition filed under Section 9 of the IBC Code should be dismissed as withdrawn given …

**Ratio:** The petition can be dismissed as withdrawn based on the statement made by the learned

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**Reasoning:** The court relies on the statement made by the counsel representing the petitioner,

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**Interpretation:** The court interprets the counsel's statement as sufficient grounds for

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**Application:** This principle applies to cases where a settlement has been reached, and the

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## Parties

- **Judges:** DHARMINDER…; SUMITA PURK…; +1 more
- **Appellants:** Aditya…
- **Respondents:** Perfect Buildwell…
- **Advocates:** Palak G…; Mayank…; +1 more

## Timeline

- **2022-05-04 — Order Del…**: Order delivered on 04.05.2022,…

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