Case Note & Summary
The matter involved an appeal filed by Praful Satra against Vaishali Patrikar and others in the National Company Law Appellate Tribunal. On 14.09.2026, the parties informed the tribunal that they had amicably settled their dispute, and the terms of this settlement were documented. The appellant's counsel requested the tribunal to allow the withdrawal of the appeal, stating that the matter had become infructuous due to the settlement. The respondents did not raise any objections to this request. Consequently, the tribunal, without delving into the merits of the case, dismissed the appeal as withdrawn, reflecting the amicable resolution of the dispute between the parties. The decision was made by Justice Mohammad Faiz Alam Khan and Mr. Naresh Salecha.
Headnote
A) Company Law - Withdrawal of Appeal - Dismissal of Appeal as Withdrawn - National Company Law Tribunal Act, 2016 - The parties reached an amicable settlement, and the appellant sought to withdraw the appeal on this basis. The court permitted the withdrawal without addressing the merits of the case, acknowledging the absence of objections from the respondents. Held that the appeal was dismissed as withdrawn (Paras 2-5).
Issue of Consideration
Whether the appeal should be withdrawn due to amicable settlement between the parties.
Final Decision
The appeal was dismissed as withdrawn based on the amicable settlement between the parties.
Law Points
- Withdrawal of appeal
- amicable settlement
- infructuous appeal
