Case Note & Summary
The dispute involved Dev Land & Housing Private Limited as the appellant and the Implementation and Monitoring Committee of Satra Properties (India) Limited, along with other respondents. The parties had reached an amicable settlement, which was documented and submitted to the tribunal. The appellant's counsel requested the withdrawal of the appeal based on this settlement. The respondents did not object to the withdrawal. The tribunal, acknowledging the amicable resolution, dismissed the appeal as withdrawn without delving into the merits of the case. The decision was made by Justice Mohammad Faiz Alam Khan and Mr. Naresh Salecha, with the appeal formally dismissed on 16.09.2026.
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A) Company Law - Withdrawal of Appeal - Dismissal of Appeal as Withdrawn - National Company Law Tribunal Act, 2016 - The parties reached an amicable settlement, and the appellant sought to withdraw the appeal accordingly. The court allowed the withdrawal without addressing the merits of the case, as no objections were raised by the respondents. Held that the appeal was dismissed as withdrawn (Paras 2-5).
Issue of Consideration
Whether the appeal can be withdrawn due to amicable settlement between the parties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The appeal was dismissed as withdrawn based on the amicable settlement between the parties.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
- procedural dismissal
