2023 (7) TMI 1431 - SC - Insolvency and Bankruptcy

Dismissal of section 10A application - it was held by NCLAT that ' the application under Section 7 filed by the Financial Creditor was not hit by Section 10A.' HELD THAT - There are no good ground and reason to interfere with the impugned judgment and hence, the civil appeal is dismissed.

Summary

Issues:
- Appeal against impugned judgment

Analysis:
The Supreme Court, comprising Hon'ble Mr. Justice Sanjiv Khanna and Hon'ble Ms. Justice Bela M. Trivedi, dismissed the civil appeal after finding no good ground or reason to interfere with the impugned judgment. The order stated that the appeal was dismissed, and any pending application(s) were to be disposed of. The legal representatives for both the appellant and respondent were listed in the judgment, including senior advocates and additional advocates on record. The judgment did not provide specific details regarding the reasons for dismissing the appeal, indicating a lack of merit in the appellant's arguments or evidence presented before the Court. The concise nature of the order suggests that the Court found the impugned judgment to be legally sound and did not require further review or intervention. The dismissal of the civil appeal signifies the finality of the decision in the case, bringing the legal proceedings to a close unless there are any exceptional circumstances or legal avenues for further appeal or review.