The Appellant, Ch.V.N. Raghurama Gupta, claims to be a Shareholder/Promoter/Suspended Director of Cesan Glass Pvt. Ltd., the Corporate Debtor. He challenged an order dated 2024-04-25 passed by NCLT, Hyderabad, which rejected IA(IBC) 20/2023. The Appellant, though not a party to the original Company Petition, filed an IA seeking certain reliefs, citing his participation in CoC meetings and the inclusion of his private properties in the Resolution Plan. The NCLT rejected his application and imposed a cost of Rs. 50,000. The Appellant then sought to withdraw his appeal before the NCLAT, reserving the right to pursue other remedies.

The Appellant, Ch.V.N. Raghurama Gupta, claims to be a Shareholder/Promoter/Suspended Director of Cesan Glass Pvt. Ltd., the Corporate Debtor. He challenged an order dated 2024-04-25 passed by NCLT, Hyderabad, which rejected IA(IBC) 20/2023. The Appellant, though not a party to the original Company Petition, filed an IA seeking certain reliefs, citing his participation in CoC meetings and the inclusion of his private properties in the Resolution Plan. The NCLT rejected his application and imposed a cost of Rs. 50,000. The Appellant then sought to withdraw his appeal before the NCLAT, reserving the right to pursue other remedies.