Case Note & Summary
The case involved an appeal by Mr. Aadarsh Surana, a suspended director of Amar Prakaash Developers Private Limited, against JM Financial Credit Solution Private Limited, Trupro Insolvency Services LLP, and the Committee of Creditors of Amar Prakaash Developers Private Limited. The appeal was filed in the context of the Corporate Insolvency Resolution Process. On 07.07.2026, the Appellant's counsel stated that the Resolution Plan had been approved by the Tribunal on 30.06.2026, leading the Appellant to seek withdrawal of the appeal. The Tribunal accepted this statement and dismissed the appeal as withdrawn. The decision emphasized the procedural aspect of withdrawal in light of the approved Resolution Plan, indicating that the appeal was no longer necessary. The final order reflected the Tribunal's acknowledgment of the Appellant's request and the status of the Resolution Plan.
Headnote
A) Company Law - Withdrawal of Appeal - Dismissal of Appeal as Withdrawn - Companies Act, 2013 - The Appellant sought to withdraw the company appeal following the approval of the Resolution Plan by the Tribunal. The Tribunal dismissed the appeal as withdrawn based on the Appellant's statement regarding the approved Resolution Plan. Held that the appeal stands dismissed as withdrawn (Paras Not mentioned).
Issue of Consideration
Whether the company appeal can be withdrawn after the approval of the Resolution Plan.
Final Decision
The Tribunal dismissed the company appeal as withdrawn based on the Appellant's statement regarding the approved Resolution Plan.
Law Points
- Withdrawal of appeal
- Corporate Insolvency Resolution Process
- Approval of Resolution Plan
