Promoters/Shareholders are entitled to settle the matter in terms of Sec. 12A & in such case, it is always open to an applicant to withdraw the application & Section 29A is not applicable for entertaining/considering an application u/s 12A as the Applicants are not entitled to file application u/s 29A- Andhra Bank Vs.Sterling Biotech Ltd. (Through the Liquidator) & Ors – NCLAT

WhatsApp Bulletin-26