National Company Law Appellate Tribunal
Utsav Securities Pvt Ltd vs Vogue Clothiers Pvt Ltd & Anr on 17 December 2020
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
Company Appeal (AT) (Insolvency) Nos. 1080-1081 of 2020
In the matter of:
Utsav Securities Pvt. Ltd.
....Appellant
Vs.
Vogue Clothiers Pvt. Ltd. & Anr.
....Respondents
Present:
Appellant:
Mr. Raktim Gogoi, Mr. Kartikeya Singh, Advocates.
Respondents:
Mr. Rajiv Virmani, Ms. Karuna Sharma, Advocates for R2 (Caveator)
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ORDER
(Through Virtual Mode) 17.12.2020: In view of the fact that in terms of order dated 4th November, 2020, the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court-II has only issued a notice against the Appellant to show-cause and explain as to why contempt proceedings should not be initiated against it for not complying with the order passed by the Adjudicating Authority which amounts to disobedience, this appeal being premature does not lie. Learned counsel for the Appellant offered to withdraw the appeal. The appeal is accordingly dismissed as withdrawn giving liberty to Appellant to raise all the issues before the Adjudicating Authority.
[Justice Bansi Lal Bhat] Acting Chairperson
[Justice Anant Bijay Singh] Member (Judicial)
[V.P. Singh] Member (Technical) AR/g