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2021 (5) TMI 576 - Tri - Insolvency and BankruptcySeeking withdrawal of the application, which was filed by him seeking clarification of the order dated 14.01.2020 passed by this Bench - whether once elected to approach the Hon'ble NCLAT, the Liquidator ought not to have filed another application for seeking clarification of the order? - HELD THAT:- It is true that having once approached the Hon'ble NCLAT in appeal against the order dated 26.06.2020, the applicant/liquidator ought to have desisted from filing another application bearing IA No. 1165/KB/2020 before this Adjudicating Authority seeking clarifications. The applicant is a seasoned professional and would have been well advised not to venture into such a misadventure. Be that as it may, in these circumstances, not granting leave to withdraw will amount to holding the appeal before the Hon'ble NCLAT hostage, which we are loathe to do. The ends of justice will be met if we allow the applicant/liquidator leave to withdraw application, but at a cost of ₹ 50,000/- to be paid to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund, within a period of two weeks from today - application disposed off.
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