Case Note & Summary
The matter involved Indian Bank as the appellant against Nimitaya Hotel & Resorts Ltd. through its Resolution Professional, Mr. Navneet Gupta. The appellant filed multiple applications in the context of insolvency proceedings. On 30th October 2026, the learned counsel for the appellant withdrew the applications, referencing an order passed in a related appeal, Company Appeal (AT) (Insolvency) No. 2066/2026. Consequently, the Tribunal dismissed the applications as withdrawn, concluding that no further action was required. The decision was made by a bench comprising Justice Yogesh Khanna, Barun Mitra, and Ajai Das Mehrotra. The dismissal of the applications indicated the Tribunal's acceptance of the withdrawal without further deliberation on the merits of the case.
Headnote
A) Insolvency Law - Withdrawal of Applications - Dismissal of Applications - Insolvency and Bankruptcy Code, 2016 - The applications were withdrawn by the learned counsel for the appellant in light of a prior order in another appeal. The Tribunal dismissed the applications as withdrawn, indicating that no further proceedings were necessary (Paras 1-2).
Issue of Consideration
Whether the applications filed by the appellant should be allowed or dismissed.
Final Decision
The applications were dismissed as withdrawn by the Tribunal.
Law Points
- Insolvency proceedings
- withdrawal of applications
