https://www.taxtmi.com/caselaws?id=779217 NCLAT (PB) dismissed the restoration petition by appellants no.1 and no.2 seeking revival as petitioners in the company petition. The Tribunal held they expressly declined to participate from 2014, did not challenge the CLB's 19.01.2016 order limiting the petition to petitioner no.3, and never contested the settlement; earlier withdrawal applications showed their compromise. Restoration would be futile and would raise new, unagitated issues. The appellants remain free to pursue inheritance or other rights through appropriate legal remedies. Appeal disposed of. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779217 NCLAT (PB) dismissed the restoration petition by appellants no.1 and no.2 seeking revival as petitioners in the company petition. The Tribunal held they expressly declined to participate from 2014, did not challenge the CLB's 19.01.2016 order limiting the petition to petitioner no.3, and never contested the settlement; earlier withdrawal applications showed their compromise. Restoration would be futile and would raise new, unagitated issues. The appellants remain free to pursue inheritance or other rights through appropriate legal remedies. Appeal disposed of. Case-Laws Companies Law Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779217