Amlika Mercantile Pvt. Ltd. filed an appeal against Key Trade AG & 2 Ors. before the National Company Law Appellate Tribunal at Chennai. The appeal arises from an Impugned Order dated 27.08.2021 passed by the National Company Law Tribunal, Hyderabad Bench, in CP(IB) No.524/9/HDB/2019. The 2nd Respondent communicated to the 1st Respondent its willingness to release INR 20 Crores towards full and final settlement of EXP 3 of 2017 and EXP 1 of 2019. A memo dated 04.10.2023 was filed stating that the 2nd Respondent received approval from its Secured Creditor, Asset Care and Reconstruction Limited (ACRE), to release INR 20 Crores, which is under lien before the Telangana High Court. The Tribunal noted that INR 20 Crores was received from the National Company Law

Amlika Mercantile Pvt. Ltd. filed an appeal against Key Trade AG & 2 Ors. before the National Company Law Appellate Tribunal at Chennai. The appeal arises from an Impugned Order dated 27.08.2021 passed by the National Company Law Tribunal, Hyderabad Bench, in CP(IB) No.524/9/HDB/2019. The 2nd Respondent communicated to the 1st Respondent its willingness to release INR 20 Crores towards full and final settlement of EXP 3 of 2017 and EXP 1 of 2019. A memo dated 04.10.2023 was filed stating that the 2nd Respondent received approval from its Secured Creditor, Asset Care and Reconstruction Limited (ACRE), to release INR 20 Crores, which is under lien before the Telangana High Court. The Tribunal noted that INR 20 Crores was received from the National Company Law