The appeal was preferred by the Operational Creditor against the order dated August 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench in C.P. (IB) No. 250/KB/2017, which rejected the application preferred by the Appellant-Operational Creditor. The matter was adjourned earlier on the Appellant's application for negotiation to settle the dispute. An application was filed on behalf of the Appellant for withdrawal of the Appeal due to a settlement agreement dated November 9, 2017.
DBM Geotechnics and Construction Private Limited, the Appellant (Operational Creditor), filed an appeal against the order dated August 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, which rejected their application in C.P. (IB) No. 250/KB/2017. The Appellant sought to withdraw the appeal due to a settlement agreement reached with Gopalpur Ports Limited, the Respondent, dated November 9, 2017. The court considered the application for withdrawal and disposed of the appeal as withdrawn, without delving into the merits of the case. The appellant was not given liberty to challenge the order again.
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The appeal was preferred by the Operational Creditor against the order dated August 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench in C.P. (IB) No. 250/KB/2017, which rejected the application preferred by the Appellant-Operational Creditor. The matter was adjourned earlier on the Appellant's application for negotiation to settle the dispute. An application was filed on behalf of the Appellant for withdrawal of the Appeal due to a settlement agreement dated November 9, 2017.
DBM Geotechnics and Construction Private Limited, the Appellant (Operational Creditor), filed an appeal against the order dated August 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, which rejected their application in C.P. (IB) No. 250/KB/2017. The Appellant sought to withdraw the appeal due to a settlement agreement reached with Gopalpur Ports Limited, the Respondent, dated November 9, 2017. The court considered the application for withdrawal and disposed of the appeal as withdrawn, without delving into the merits of the case. The appellant was not given liberty to challenge the order again.
The Adjudicating Authority (National Company…
The Appellant and…
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