# In the matter of Sri Manohar Reddy Vs. Edelweiss Asset Reconstruction Company Ltd. & Anr. CA(AT)(Ins) No. 395 of 2019

> NCLAT judgment dated 2020-01-16. Citation: TCN-2020-NCLAT-00530. The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The…

- **Court:** NCLAT
- **Order date:** 16 Jan 2020
- **Citation:** TCN-2020-NCLAT-00530
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/sri-manohar-reddy-vs-edelweiss-asset-reconstruction-company-ltd-anr-ca-0a5ec6fa

## Summary

### Background

The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant sought to withdraw the appeal. The learned counsel for the appellant filed an affidavit seeking the withdrawal.

## Facts

Sri Manohar Reddy filed an appeal before the NCLAT against Edelweiss Asset Reconstruction Company Ltd. & Anr. The appellant's counsel filed an affidavit seeking withdrawal of the appeal. The court allowed the withdrawal but restricted the appellant's ability to challenge the original impugned order. The interim order was vacated.

## Issues and analysis

### Issue 1: Whether the Appellant should be …

**Ratio:** An appellant has the right to withdraw an appeal, subject to the court's discretion and

…

**Reasoning:** The court considered the application for withdrawal and found no reason to deny it, given

…

**Interpretation:** The right to withdraw an appeal is generally recognized, but the court retains

…

**Application:** The court allowed the withdrawal, indicating that the appellant met the

…

## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Manohar…
- **Respondents:** Edelweiss Asset…

## Timeline

- **2020-01-16 — Affidavit for…**: Learned counsel for the Appellant filed an…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/sri-manohar-reddy-vs-edelweiss-asset-reconstruction-company-ltd-anr-ca-0a5ec6fa