The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant is SRMB Srijan Pvt. Ltd., and the respondent is CA Kannan Tiruvengadam, the Liquidator of Rabirun Vinimay Pvt. Ltd. The learned counsel for the respondent submitted that the appellant is no longer an 'Anchor Bidder'.
SRMB Srijan Pvt. Ltd. filed an appeal against CA Kannan Tiruvengadam, the Liquidator of Rabirun Vinimay Pvt. Ltd. The respondent's counsel submitted that SRMB Srijan Pvt. Ltd. is no longer an 'Anchor Bidder'. Both parties agreed that this change in status rendered the appeal infructuous. The key fact is the change in the appellant's status as an 'Anchor Bidder', which led to the dismissal of the appeal.
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The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The appellant is SRMB Srijan Pvt. Ltd., and the respondent is CA Kannan Tiruvengadam, the Liquidator of Rabirun Vinimay Pvt. Ltd. The learned counsel for the respondent submitted that the appellant is no longer an 'Anchor Bidder'.
SRMB Srijan Pvt. Ltd. filed an appeal against CA Kannan Tiruvengadam, the Liquidator of Rabirun Vinimay Pvt. Ltd. The respondent's counsel submitted that SRMB Srijan Pvt. Ltd. is no longer an 'Anchor Bidder'. Both parties agreed that this change in status rendered the appeal infructuous. The key fact is the change in the appellant's status as an 'Anchor Bidder', which led to the dismissal of the appeal.
The court dismi…
Sign in to view related legal provisions.