The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant, Ashis Agarwal, Suspended Partner, Jericho Chemicals LLP, filed an appeal against Dynamic Engineers Ltd. & Anr. The original application was withdrawn by the Operational Creditor due to a settlement under Section 12(A) of the Insolvency and Bankruptcy Code, 2016.
Ashis Agarwal, Suspended Partner, Jericho Chemicals LLP, filed an appeal against Dynamic Engineers Ltd. & Anr. The parties have settled their disputes, leading to the Operational Creditor withdrawing the original application under Section 12(A) of the Insolvency and Bankruptcy Code, 2016. The appellant's counsel requested to withdraw the appeal, and the respondent's counsel did not object. This settlement is the key fact that led to the withdrawal of the appeal.
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The NCLAT disposed of the appeal as…
The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant, Ashis Agarwal, Suspended Partner, Jericho Chemicals LLP, filed an appeal against Dynamic Engineers Ltd. & Anr. The original application was withdrawn by the Operational Creditor due to a settlement under Section 12(A) of the Insolvency and Bankruptcy Code, 2016.
Ashis Agarwal, Suspended Partner, Jericho Chemicals LLP, filed an appeal against Dynamic Engineers Ltd. & Anr. The parties have settled their disputes, leading to the Operational Creditor withdrawing the original application under Section 12(A) of the Insolvency and Bankruptcy Code, 2016. The appellant's counsel requested to withdraw the appeal, and the respondent's counsel did not object. This settlement is the key fact that led to the withdrawal of the appeal.
The NCLAT disposed of the appeal as…