Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24.08.2026
Case Overview
The appeal (CA (AT) (Ins) No. 1186 of 2026) was filed by Dinesh Rathi and Others against Vedamata Multiservices and Trading Pvt. Ltd. & Others. The matter involved proceedings related to the withdrawal of an earlier petition and the appointment of directors who made that withdrawal decision. During hearing, the appellant's counsel, after extensive arguments, requested under instructions that the appeal be dismissed as withdrawn but with specific liberty for future action.
Final Outcome
The NCLAT dismissed the appeal as withdrawn, granting the appellant liberty to move appropriate applications (including recall applications) in accordance with law if any EGM or AGM of the company decides to recall the resolution under which the directors were appointed who had taken the decision to withdraw the earlier petition. The tribunal clarified that all grounds would remain open to be taken up by the parties in case any such application is moved before the Adjudicating Authority. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
Topics: NCLAT Proceedings, Corporate Governance, Legal Withdrawal