Case Note & Summary
The case involved an appeal filed by Vasu Buildtech against Kashi Viswanathan Sivaraman and others before the National Company Law Appellate Tribunal. During the proceedings, the appellant's counsel, Mr. Ashish Mohan, requested permission to withdraw the appeal, indicating an intention to explore other legal remedies available under the law. The Tribunal, after considering the request, allowed the withdrawal of the appeal and dismissed it, granting the appellant the liberty to approach the Adjudicating Authority for any further applications or remedies. The decision emphasized the appellant's right to seek alternative legal recourse following the withdrawal of the appeal.
Headnote
A) Company Law - Withdrawal of Appeal - Dismissal of Appeal - National Company Law Tribunal Act, 2016 - Appellant sought to withdraw the appeal with liberty to pursue other legal remedies. The Tribunal permitted the withdrawal and dismissed the appeal accordingly, allowing the appellant to approach the Adjudicating Authority for further relief. Held that the appellant retains the right to seek alternative remedies (Paras Not mentioned).
Issue of Consideration
Whether the appellant can withdraw the appeal and seek other remedies.
Final Decision
The appeal was dismissed as withdrawn, allowing the appellant to seek other remedies as per law.
Law Points
- Withdrawal of appeal
- remedies under law
- jurisdiction of Adjudicating Authority
