# In the matter of State Bank of India Vs. Jet AirwaysThrough its RP Mr. Ashish Chhawchharia & Anr  (India) Ltd CA (AT) (Ins) No. 77 of 2021

> NCLAT judgment dated 2021-03-01. Citation: TCN-2021-NCLAT-00347. The case involves a Company Appeal (AT)(Insolvency) No.77 of 2021 before the National Company…

- **Court:** NCLAT
- **Order date:** 1 Mar 2021
- **Citation:** TCN-2021-NCLAT-00347
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/state-bank-of-india-vs-jet-airwaysthrough-its-rp-mr-ashish-chhawchharia-anr-2a4bc539

## Summary

### Background

The case involves a Company Appeal (AT)(Insolvency) No.77 of 2021 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. State Bank of India is the appellant, and Jet Airways (India) Ltd, represented by its RP Mr. Ashish Chhawchharia, is the respondent. The matter was listed before the NCLT, Mumbai Bench, Mumbai.

## Facts

State Bank of India filed an appeal against Jet Airways (India) Ltd before the NCLAT. The case was listed before the NCLT, Mumbai Bench, Mumbai. The appellant, State Bank of India, sought permission to withdraw the appeal with the liberty to file a fresh appeal at a later stage. The court granted the permission, and the appeal was dismissed as withdrawn. The matter was being heard in virtual mode.

## Issues and analysis

### Issue 1: Whether the appellant should be granted permission to withdraw the appeal with the liberty to file …

**Ratio:** The court has the discretion to allow the withdrawal of an appeal, especially when the

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**Reasoning:** The court considered the submission of the learned counsel for the appellant and the fact

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**Interpretation:** The interpretation of the law allows for the withdrawal of appeals under

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**Application:** In this case, the court applied the principle by granting the appellant's

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## Parties

- **Judges:** Anand Bijay…; Ms Shreesha…
- **Appellants:** State Bank of…
- **Respondents:** Jet Airways…

## Timeline

- **2021-03-01 — Case Call…**: The case was called out, and the learned counsel for the appellant submitted that the…
- **2021-03-02 — Matter Listed Before…**: The matter is listed before the…

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