The case involves a Company Appeal (AT) (Insolvency) No. 825 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant is Sai Ramakrishna Karuturi, and the respondent is Axis Bank Ltd. & Anr. The appellant sought to withdraw the appeal to settle the claim with the respondent.
Sai Ramakrishna Karuturi filed an appeal before the National Company Law Appellate Tribunal (NCLAT) against Axis Bank Ltd. & Anr. During the proceedings, the appellant, represented by Mr. Rajiv Ranjan, Senior Advocate, sought permission to withdraw the appeal to enable settlement negotiations with the respondent, Axis Bank Ltd. The court granted the request, dismissing the appeal as withdrawn. The dismissal was without any liberty to challenge the same impugned order, but it did not prevent the appellant from settling the matter with the respondent.
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The case involves a Company Appeal (AT) (Insolvency) No. 825 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant is Sai Ramakrishna Karuturi, and the respondent is Axis Bank Ltd. & Anr. The appellant sought to withdraw the appeal to settle the claim with the respondent.
Sai Ramakrishna Karuturi filed an appeal before the National Company Law Appellate Tribunal (NCLAT) against Axis Bank Ltd. & Anr. During the proceedings, the appellant, represented by Mr. Rajiv Ranjan, Senior Advocate, sought permission to withdraw the appeal to enable settlement negotiations with the respondent, Axis Bank Ltd. The court granted the request, dismissing the appeal as withdrawn. The dismissal was without any liberty to challenge the same impugned order, but it did not prevent the appellant from settling the matter with the respondent.
The appellant sought to withdraw the appeal to…
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