Raj Kantilal Shah v. Sanskar Gem Pvt. Ltd.
Case brief
What is this about?
Debtor's appeal against adjudication as insolvent under the Presidency-Towns Insolvency Act was withdrawn after petitioning creditor's dues were paid by a well-wisher; withdrawal allowed with liberty to seek annulment before the Single Judge.
What did the court decide?
Leave granted to withdraw appeal with liberty to approach Single Judge for annulment of adjudication; no order as to costs.