https://www.taxtmi.com/caselaws?id=370431 The NCLT upheld the decision to allow the withdrawal of the Company Petition, dismissing the appeal by the Appellant and disposing of the impleadment appeal as infructuous. The NCLT considered the settlement between the Original Petitioner and Respondents, ensuring the Appellant's interests were protected in other ongoing litigation. Procedural defects in the withdrawal application were deemed non-fatal, as the Appellant's counsel had an opportunity to address the NCLT. Concerns about collusion and overreaching were not sufficient to prevent the withdrawal of the Company Petition. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 25 May 2020 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370431 The NCLT upheld the decision to allow the withdrawal of the Company Petition, dismissing the appeal by the Appellant and disposing of the impleadment appeal as infructuous. The NCLT considered the settlement between the Original Petitioner and Respondents, ensuring the Appellant's interests were protected in other ongoing litigation. Procedural defects in the withdrawal application were deemed non-fatal, as the Appellant's counsel had an opportunity to address the NCLT. Concerns about collusion and overreaching were not sufficient to prevent the withdrawal of the Company Petition. Case-Laws Companies Law Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370431