Mr. Rajnishpal Singh Dhaliwal filed an appeal before the National Company Law Appellate Tribunal (NCLAT). The appeal was against Nilkamal Ltd. & Ors. The 'Corporate Debtor' chose not to attend the proceedings before the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench. Furthermore, the 'Corporate Debtor' did not file a reply to the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Respondent, who is the 'Operational Creditor'. The appellant's counsel sought to withdraw the appeal. The relevance of the Corporate Debtor's absence and failure to respond is that it likely prompted the appellant to seek withdrawal of the appeal.

Mr. Rajnishpal Singh Dhaliwal filed an appeal before the National Company Law Appellate Tribunal (NCLAT). The appeal was against Nilkamal Ltd. & Ors. The 'Corporate Debtor' chose not to attend the proceedings before the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench. Furthermore, the 'Corporate Debtor' did not file a reply to the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Respondent, who is the 'Operational Creditor'. The appellant's counsel sought to withdraw the appeal. The relevance of the Corporate Debtor's absence and failure to respond is that it likely prompted the appellant to seek withdrawal of the appeal.