# In the matter of Adinath International Pvt. Ltd. Vs. AVR Overseas Pvt. Ltd.Company Appeal (AT) (Ins) No. 484 of 2022 > NCLAT judgment dated 2022-11-09. Citation: TCN-2022-NCLAT-00118. The case pertains to Comp. App. (AT) (Ins) No. 484 of 2022 before the National Company Law… - **Court:** NCLAT - **Order date:** 9 Nov 2022 - **Citation:** TCN-2022-NCLAT-00118 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/adinath-international-pvt-ltd-vs-avr-overseas-pvt-ltdcompany-appeal-d07ce851 ## Summary ### Background The case pertains to Comp. App. (AT) (Ins) No. 484 of 2022 before the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appellant is Adinath International Pvt. Ltd., and the respondent is AVR Overseas Pvt. Ltd. The appellant sought to withdraw the appeal based on a settlement reached between the parties. ## Facts Adinath International Pvt. Ltd. filed an appeal against AVR Overseas Pvt. Ltd. before the National Company Law Appellate Tribunal (NCLAT). During the proceedings, the appellant's counsel informed the court that a settlement had been reached between the parties. Consequently, the appellant sought permission to withdraw the appeal. The court, acknowledging the settlement, granted the appellant's request and dismissed the appeal as withdrawn. This indicates a resolution outside of the formal adjudication process, suggesting a mutually agreeable outcome between the appellant and the respondent. ## Issues and analysis ### Issue 1: Whether the Appellant should be permitted to withdraw the appeal based on a settlement reached … **Ratio:** The legal principle applied here is the acceptance of settlements between parties to … **Reasoning:** The court reasoned that since a settlement had been reached between the parties, allowing … **Interpretation:** The interpretation is that courts generally favor and encourage settlements … **Application:** In this specific case, the appellant's counsel submitted that a settlement had … ## Parties - **Judges:** Ashok Bh…; Barun M… - **Appellants:** Adinath Internatio… - **Respondents:** AVR Overseas Pvt.… ## Timeline - **2022-11-09 — Appeal With…**: Learned Counsel for the Appellant submits that the settlement has been arrived between… --- This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/adinath-international-pvt-ltd-vs-avr-overseas-pvt-ltdcompany-appeal-d07ce851