# In the matter of Power2SME Pvt. Ltd. Vs. Uttam Strips Ltd. & Ors. CA (AT) (Ins) No. 721 of 2019

> NCLAT judgment dated 2021-07-12. Citation: TCN-2021-NCLAT-00192. The appeal was filed against the admission of the Resolution Plan. During the pendency of the…

- **Court:** NCLAT
- **Order date:** 12 Jul 2021
- **Citation:** TCN-2021-NCLAT-00192
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/power2sme-pvt-ltd-vs-uttam-strips-ltd-ors-ca-0a86b708

## Summary

### Background

The appeal was filed against the admission of the Resolution Plan. During the pendency of the appeal and considering further developments, the appellant instructed the Learned Counsel to withdraw the appeal.

## Facts

Power2SME Pvt. Ltd. filed an appeal against Uttam Strips Ltd. & Ors. regarding the admission of a Resolution Plan. The appellant, Power2SME Pvt. Ltd., subsequently instructed their counsel to withdraw the appeal. The respondents, Uttam Strips Ltd. & Ors., through their advocates, did not object to the withdrawal. The appeal was filed against the admission of the Resolution Plan.

## Issues and analysis

### Issue 1: Whether the appeal can be disposed of as withdrawn based on the appellant's request and the …

**Ratio:** An appeal can be disposed of as withdrawn if the appellant requests withdrawal and the

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**Reasoning:** The court accepted the appellant's submission to withdraw the appeal, and the respondents

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**Interpretation:** This case interprets the procedural aspect of withdrawing an appeal,

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** A.I.S. C…; Alok Sriv…
- **Appellants:** Power2SME Pvt.…
- **Respondents:** Uttam Strip…

## Timeline

- **2021-07-12 — Order Da…**: The court disposed of…

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