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The High Court granted the appellant liberty to revive the appeal if the Sabka Vishwas Scheme did not yield a satisfactory result. The appeal was dismissed as withdrawn.
The High Court granted the appellant's request to withdraw the appeal. Liberty was given to revive the appeal if the outcome of the Sabka Vishwas Scheme was not satisfactory. No costs were awarded.
The tribunal held that the APL, through its nominees, can exercise voting rights in the tier-one companies and influence decisions in lower-tier companies as shareholders. However, the APL cannot directly interfere with the internal affairs of companies or lift the corporate veil.