The case involves an appeal related to an insolvency matter. The 'Resolution Plan' has been approved by the 'Committee of Creditors' and is pending before the Adjudicating Authority for approval under Section 31 of the Insolvency and Bankruptcy Code, 2016. The appellant sought to withdraw the appeal as the matter reached the final stage for approval of the 'Resolution Plan'.
Athena Infraproject Pvt. Ltd. filed an appeal against Indian Bank & anr. The 'Resolution Plan' has been approved by the 'Committee of Creditors' and is pending before the Adjudicating Authority for approval under Section 31 of the Insolvency and Bankruptcy Code, 2016. The appellant, Athena Infraproject Pvt. Ltd., instructed its counsel not to press the appeal, as the matter had reached the final stage for approval of the 'Resolution Plan'. The appellant sought liberty to move before the appropriate forum if the 'Resolution Plan' is not approved in accordance with the law. The court allowed the withdrawal of the appeal, granting liberty to the aggrieved parties to move before the appropriate forum if the resolution plan is not approved.
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Learned counsel for the respondent Indian Bank…
The case involves an appeal related to an insolvency matter. The 'Resolution Plan' has been approved by the 'Committee of Creditors' and is pending before the Adjudicating Authority for approval under Section 31 of the Insolvency and Bankruptcy Code, 2016. The appellant sought to withdraw the appeal as the matter reached the final stage for approval of the 'Resolution Plan'.
Athena Infraproject Pvt. Ltd. filed an appeal against Indian Bank & anr. The 'Resolution Plan' has been approved by the 'Committee of Creditors' and is pending before the Adjudicating Authority for approval under Section 31 of the Insolvency and Bankruptcy Code, 2016. The appellant, Athena Infraproject Pvt. Ltd., instructed its counsel not to press the appeal, as the matter had reached the final stage for approval of the 'Resolution Plan'. The appellant sought liberty to move before the appropriate forum if the 'Resolution Plan' is not approved in accordance with the law. The court allowed the withdrawal of the appeal, granting liberty to the aggrieved parties to move before the appropriate forum if the resolution plan is not approved.
Learned counsel for the respondent Indian Bank…