NCLAT Dismisses Scharffler Elmotec Liquidation Appeal

NCLAT upholds NCLT Mumbai's liquidation order for Scharffler Elmotec Statomat Gmbh.
Appeal challenged rejection of withdrawal application under IBC Section 12A.
Tribunal ruled withdrawal invalid as initiator (Financial Creditor) did not file it.
Operational Creditor was sole CoC member but debts were cleared by related Financial Creditor.