Case Note & Summary
The case involved an appeal before the National Company Law Appellate Tribunal concerning the resolution process of Dolphin Marine Foods and Processors (India) Pvt Ltd. The appellant, Lalita Powle in consortium with Suyog Agro, filed the appeal against the order passed by the Adjudicating Authority on 25.11.2024. During the proceedings, the learned counsel for the appellant submitted instructions to withdraw the appeal and sought permission from the Tribunal to do so. The Tribunal granted the leave to withdraw the appeal, leading to its dismissal as withdrawn. The decision reflects the Tribunal's acknowledgment of the appellant's right to withdraw the appeal without further proceedings.
Headnote
A) Company Law - Withdrawal of Appeal - Dismissal of Appeal - Companies Act, 2013 - The appellant sought to withdraw the appeal and requested leave for the same, which was granted by the Tribunal. Consequently, the appeal was dismissed as withdrawn, affirming the appellant's right to withdraw the appeal (Paras Not mentioned).
Issue of Consideration
Whether the appeal can be withdrawn and dismissed accordingly
Final Decision
The appeal was dismissed as withdrawn after the Tribunal granted leave for withdrawal.
Law Points
- Withdrawal of appeal
- Leave granted
- Dismissal of appeal
