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        Case ID :
        IBC

        NCLAT dismissed the Company Appeal for want of merit and...

        Appeal dismissed for lack of merit and locus after withdrawal; relief mirrored earlier IA; plan approved under Sections 30(6),60(5)

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                NCLAT dismissed the Company Appeal for want of merit and declined condonation relief, holding that the Appellant, having withdrawn the related Company Appeal arising from IA No. 419/2024, lacks locus to impugn the order on IA No. 805/2024. The Tribunal observed the relief sought in IA No. 805/2024 mirrored that in IA No. 419/2024 and was bound by directions issued on IA No. 419/2024. Further, the Appellant participated in the final round of the challenge process without contemporaneous objection and the resolution plan has been approved under Section 30(6) read with Section 60(5) of the IBC, leaving no subsisting cause of action; appeal dismissed.
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