# In the matter of Tulip Hotels Pvt. Ltd. vs. JC Flowers Asset Reconstructions Pvt. Ltd. and Anr.

> SC judgment dated 2024-08-05. Citation: TCN-2024-SC-00110. The case is a Civil Appeal arising out of a final judgment and order dated 09-04-2024 in CAAT(I)…

- **Court:** SC
- **Order date:** 5 Aug 2024
- **Citation:** TCN-2024-SC-00110
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/tulip-hotels-pvt-ltd-vs-jc-flowers-asset-reconstructions-pvt-ltd-and-anr-f446b029

## Summary

### Background

The case is a Civil Appeal arising out of a final judgment and order dated 09-04-2024 in CAAT(I) No. 1146/2023 passed by the National Company Law Appellate Tribunal.

## Facts

The appellant sought permission to withdraw the appeal.

The appellant wants to file appropriate proceedings before the National Company Law Appellate Tribunal, New Delhi.

The reason for withdrawal is that certain submissions made by the appellant have not been considered.

The Civil Appeal is disposed of as withdrawn.

## Issues and analysis

### Issue 1: Whether the appellant should be granted …

**Ratio:** The court has the discretion to

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**Reasoning:** The appellant expressed the intention to file appropriate proceedings before the National

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**Interpretation:** The court interpreted the appellant's

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**Application:** The court applied its discretion and

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## Parties

- **Judges:** ABHAY S…; AUGUSTINE GEORGE…
- **Appellants:** TULIP HOTELS…
- **Respondents:** JC FLOWERS ASSET…
- **Advocates:** Gopal…; Neeha N…; +9 more

## Timeline

- **2024-08-05 — Order Da…**: The order was passed on…
- **2024-04-09 — Impugned Ord…**: The impugned final judgment and…

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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/supreme-court-of-india/tulip-hotels-pvt-ltd-vs-jc-flowers-asset-reconstructions-pvt-ltd-and-anr-f446b029