https://www.taxtmi.com/caselaws?id=291500 The Tribunal granted permission for the withdrawal of the Company Petition under Rule 82 of NCLT Rules, 2016, following a settlement agreement between the Petitioner and Respondent No. 1. Despite initial procedural lapses, the Tribunal emphasized the parties' right to withdraw the petition, considering the settlement and the absence of any further claims. Respondent No. 5's objections were deemed irrelevant, and the Tribunal concluded that allowing withdrawal would effectively end the litigation. Consequently, the Company Petition was dismissed, all pending Interlocutory Applications were withdrawn, interim orders were vacated, and no costs were awarded. en-us Fri, 24 May 2019 00:00:00 +0530 Fri, 13 Nov 2020 06:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291500 The Tribunal granted permission for the withdrawal of the Company Petition under Rule 82 of NCLT Rules, 2016, following a settlement agreement between the Petitioner and Respondent No. 1. Despite initial procedural lapses, the Tribunal emphasized the parties' right to withdraw the petition, considering the settlement and the absence of any further claims. Respondent No. 5's objections were deemed irrelevant, and the Tribunal concluded that allowing withdrawal would effectively end the litigation. Consequently, the Company Petition was dismissed, all pending Interlocutory Applications were withdrawn, interim orders were vacated, and no costs were awarded. Case-Laws Companies Law Fri, 24 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291500