# In the matter of Utsav Carriers Pvt. Ltd. & Ors. Vs.
Vicky Garg & Anr. I.A. No. 1910 of 2022 in
Company Appeal (AT) No. 12 of 2022

> NCLAT judgment dated 2022-06-22. Citation: TCN-2022-NCLAT-00409. The Applicants/Appellants sought permission from the tribunal to withdraw the Company Appeal…

- **Court:** NCLAT
- **Order date:** 22 Jun 2022
- **Citation:** TCN-2022-NCLAT-00409
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/utsav-carriers-pvt-ltd-ors-vs-vicky-garg-anr-ia-no-1910-of-2022-in-company-appea-73b33eab

## Summary

### Background

The Applicants/Appellants sought permission from the tribunal to withdraw the Company Appeal (AT) No. 12 of 2022.

## Facts

The Applicants/Appellants sought to withdraw Company Appeal (AT) No. 12 of 2022. The tribunal granted permission, dismissing the appeal as withdrawn. The tribunal clarified that this dismissal does not prevent the Applicants/Appellants from raising factual and legal pleas before the Adjudicating Authority (National Company Law Tribunal, Chandigarh Bench) in CP No. 83/CHD/PB/2021. This is relevant because it ensures that the Applicants/Appellants retain the right to pursue their case before the appropriate forum despite withdrawing the appeal.

## Issues and analysis

### Issue 1: Whether the tribunal should grant permission to the Applicants/Appellants to withdraw the Company …

**Ratio:** An applicant has the right to

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**Reasoning:** The Ld. Counsel for the Applicants/Appellants sought permission to withdraw the instant

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**Interpretation:** This reflects the principle that a party initiating legal action generally has

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**Application:** The tribunal applied this principle by granting permission for the withdrawal,

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## Parties

- **Judges:** M. Venu…; KanthiNar…
- **Appellants:** Utsav Carriers…
- **Respondents:** Vicky Garg…

## Timeline

- **2022-06-22 — Order Da…**: The Ld. Counsel for the Applicants/Appellants seeks permission from this tribunal to…

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