DBS Bank India Ltd. filed an application under Section 7 of the IBC, which was admitted by the Adjudicating Authority (National Company Law Tribunal, Principal Bench, New Delhi) via an order dated March 25, 2022. Notices were issued by the Adjudicating Authority on March 22, 2022, and served on the appellant on March 7, 2022. The appellant's advocate appeared but was not heard because they had not filed a Vakalatnama. The appellant sought liberty to file an application under Rule 49(2) of the NCLT Rules, 2016, to explain the facts and circumstances. The tribunal entertained the appeal on April 18, 2022, and passed an interim order. The appellant requested to withdraw the appeal to avail remedy under Rule 49(2).

DBS Bank India Ltd. filed an application under Section 7 of the IBC, which was admitted by the Adjudicating Authority (National Company Law Tribunal, Principal Bench, New Delhi) via an order dated March 25, 2022. Notices were issued by the Adjudicating Authority on March 22, 2022, and served on the appellant on March 7, 2022. The appellant's advocate appeared but was not heard because they had not filed a Vakalatnama. The appellant sought liberty to file an application under Rule 49(2) of the NCLT Rules, 2016, to explain the facts and circumstances. The tribunal entertained the appeal on April 18, 2022, and passed an interim order. The appellant requested to withdraw the appeal to avail remedy under Rule 49(2).