Case Note & Summary
The case involved an appeal filed by Orchid Pharma Limited and Dhanuka Laboratories Limited against Edna Braganza and Mr. Sripatham Venkatasubramaniam Ramkumar in the context of the Corporate Insolvency Resolution Process (CIRP) of Orchid Pharma Limited. The appeal was presented before the National Company Law Appellate Tribunal at Chennai. On 10th September 2026, the appellants submitted a memo indicating their desire to withdraw the appeal. The tribunal recorded this memo and subsequently dismissed the appeal as withdrawn. The decision reflects the appellants' choice to discontinue the legal proceedings without further contest. The tribunal's order was issued by Justice N. Seshasayee and Jatindranath Swain, indicating that the appeal was dismissed in accordance with the request made by the appellants.
Headnote
A) Company Law - Withdrawal of Appeal - Dismissal of Appeal as Withdrawn - National Company Law Tribunal, 2016 - The appellant filed a memo for disposal of the appeal, which was recorded by the tribunal. The appeal was dismissed as withdrawn, indicating the appellant's intention to discontinue the proceedings. Held that the appeal was properly dismissed as per the request of the appellant (Paras Not mentioned).
Issue of Consideration
Whether the appeal should be allowed to be withdrawn.
Final Decision
The appeal was dismissed as withdrawn based on the appellant's request.
Law Points
- Withdrawal of appeal
- Corporate Insolvency Resolution Process
- Resolution Applicant
