NCLAT Stays Order Initiating CIRP as parties entered Settlement Agreement

Vinayak K Deshpande Vs Nexo Industries P Ltd (NCLAT Chennai) In view of the fact that the Settlement Agreement has been entered into between the parties and based on the said Agreement, the subject matter is issue is resolved between the parties, as informed by the Learned Counsels appearing for the parties, this ‘Tribunal’, dismisses the instant Company Appeal (AT)(CH)(Ins) No.02/2022 as withdrawn. No costs. Further, this ‘Tribunal’ directs Mr. Krishna Komaravolu, IRP to file the Form FA Application for withdrawal of Corporate Insolvency Resolution Process under Section 12A of the Cod...