The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant sought permission to withdraw the appeal to file a suit against the 'Corporate Debtor'.
Raj Kumar Arora, the sole proprietor of Raj Furnitures, filed an appeal before the NCLAT. Ksheer Sagar Developers Pvt. Ltd. is the respondent. The appellant sought permission to withdraw the appeal to file a suit against the 'Corporate Debtor'. The court allowed the withdrawal of the appeal, permitting the appellant to avail the remedy available under the law. The court clarified that it was not expressing any opinion on whether the suit is barred by limitation, which is to be determined by the court of jurisdiction. The impugned order was dated 27th September, 2019.
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Learned counsel for the Appellant sought…
The prayer is allowed to withdraw the Appeal…
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The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant sought permission to withdraw the appeal to file a suit against the 'Corporate Debtor'.
Raj Kumar Arora, the sole proprietor of Raj Furnitures, filed an appeal before the NCLAT. Ksheer Sagar Developers Pvt. Ltd. is the respondent. The appellant sought permission to withdraw the appeal to file a suit against the 'Corporate Debtor'. The court allowed the withdrawal of the appeal, permitting the appellant to avail the remedy available under the law. The court clarified that it was not expressing any opinion on whether the suit is barred by limitation, which is to be determined by the court of jurisdiction. The impugned order was dated 27th September, 2019.
Learned counsel for the Appellant sought…
The prayer is allowed to withdraw the Appeal…
Sign in to view related legal provisions.