National Company Law Appellate Tribunal

Piyush Periwal (As Promoter and Shareholder of National Plywood Industries Ltd.) vs Stressed Assets Stabilization Fund (SASF) & Anr. on 28 July 2020

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NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI

Company Appeal (AT) (Insolvency) No. 932 of 2019

IN THE MATTER OF:

Mr. Piyush Periwal

…Appellant

Versus

Stressed Assets Stabilization Fund

(SASF)

…Respondent

Company Appeal (AT) (Insolvency) No. 479 of 2020

IN THE MATTER OF:

Mr. Piyush Periwal

(As Promoter & Shareholder of

National Plywood Industries Ltd.)

…Appellant

Versus

Stressed Assets Stabilization Fund

(SASF) & Anr.

…Respondents

Present:

For Appellant :

Mr. Ratnanko Banerjee, Senior Advocate with

Mr. Ranvir Singh, Mr. Abhijeet Sarkar and Mr. Manish Verma, Advocates For Respondents:

Mr. Sidhartha Barua, Mr. Ritin Rai and Sonali Khanna, Advocates for R-1

Mr. Sandeep Khaitan and Mr. Ashok Tibrewala, Advocates for R-2

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O R D E R

(Through Virtual Mode)

28.07.2020 The pleadings are complete. List the matter on 5th August, 2020 as Item No. 2.

At this stage, Mr. Ratnanko Banerjee, learned Senior Advocate representing the Appellant in ‘Company Appeal (AT) (Insolvency) No.

- 2 -

479/2020’ submits that the Appellant does not want to press the appeal. The appeal is allowed to be withdrawn.

Though ‘Company Appeal (AT) (Insolvency) No. 479/2020’ stands disposed of as withdrawn, the record of the appeal, which may be relevant for the disposal of the ‘Company Appeal (AT) (Insolvency) No. 932/2019’, shall continue to be attached with the latter.

[ Justice Bansi Lal Bhat ] Acting Chairperson)

[ V.P. Singh ] Member (Technical)

[ Dr. Alok Srivastava ] Member (Technical)

/ns/gc/

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