2021 (5) TMI 232 - AT - Insolvency and Bankruptcy

Permission to withdraw the appeal with liberty to pursue the legal remedies that may be available to Appellant - HELD THAT - This is not objected to by Respondents as the Corporate Insolvency Resolution Process proceedings are proceeding ahead and embargo placed on constitution of Committee of Creditors stands removed in terms of order dated 4th February, 2021. The appeal is dismissed as withdrawn. The Appellant shall be at liberty to pursue any other remedy available under law.

Summary

The Appellate Tribunal dismissed the appeal as withdrawn by the Appellant, Mr. Monish Panda, with liberty to pursue other legal remedies. The Respondents did not object to this as the Corporate Insolvency Resolution Process proceedings are progressing and the embargo on the constitution of Committee of Creditors has been removed.