Edelweiss ARC Withdraws NCLAT Appeal Unconditionally

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 27.07.2026

Case Overview

The appeal, registered as Comp. App. (AT) (Ins) No. 1178 of 2026, was filed by Edelweiss Asset Reconstruction Company Ltd. against Ajay Shakarlal Mittal & Others. During the hearing, which was conducted in hybrid mode, the Learned Counsel for the Appellant, Ms. Komal Aggrawal, submitted under instructions that she intended to withdraw the appeal unconditionally. No one appeared on behalf of the respondents.

Final Outcome

Considering the submissions made by the appellant's counsel, the NCLAT dismissed the appeal as withdrawn. All pending applications linked to this appeal were also dismissed as withdrawn. The order was passed by a bench consisting of Justice Yogesh Khanna, the Officiating Chairperson, and Member (Technical) Ajai Das Mehrotra.

Topics: NCLAT, Insolvency Appeal, Withdrawal