# In the matter of SRMB Srijan Pvt. Ltd. vs. CA Kannan Tiruvengadam Liquidator of Rabirun Vinimay Pvt. Ltd.

> NCLAT judgment dated 2023-07-13. Citation: TCN-2023-NCLAT-00380. The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT). The…

- **Court:** NCLAT
- **Order date:** 13 Jul 2023
- **Citation:** TCN-2023-NCLAT-00380
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/srmb-srijan-pvt-ltd-vs-ca-kannan-tiruvengadam-liquidator-of-rabirun-vinimay-pvt-ae34bb5d

## Summary

### Background

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'.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the appeal should be dismissed as infructuous due to the appellant no longer being an …

**Ratio:** An appeal can be dismissed as infructuous if the underlying circumstances or status of a

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**Reasoning:** The court accepted the submission of the respondent's counsel and the agreement between

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**Interpretation:** The interpretation is that a change in the factual basis of a case, such as the

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**Application:** In this case, the appellant's change in status from 'Anchor Bidder' to

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** SRMB Srijan Pvt.…
- **Respondents:** Rabirun Vinimay…; CA Kannan…

## Timeline

- **2023-07-13 — Order Da…**: The court dismissed the…

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