Gurdeep Singh Anand & Anr. filed a Company Appeal (AT) (Ins) No. 288 of 2020 against ASP Sealing Products Ltd. before the NCLAT. A settlement agreement was executed between the parties on 17.02.2020. The Appellant sought permission to withdraw the appeal based on this settlement. The NCLAT recorded the settlement and allowed the withdrawal, directing the parties to approach the Adjudicating Authority (National Company Law Tribunal) Bench-3, New Delhi, under Section 12 A of the Insolvency and Bankruptcy Code. The relevance of the settlement is that it led to the dismissal of the appeal and a redirection of the proceedings to the Adjudicating Authority.

Gurdeep Singh Anand & Anr. filed a Company Appeal (AT) (Ins) No. 288 of 2020 against ASP Sealing Products Ltd. before the NCLAT. A settlement agreement was executed between the parties on 17.02.2020. The Appellant sought permission to withdraw the appeal based on this settlement. The NCLAT recorded the settlement and allowed the withdrawal, directing the parties to approach the Adjudicating Authority (National Company Law Tribunal) Bench-3, New Delhi, under Section 12 A of the Insolvency and Bankruptcy Code. The relevance of the settlement is that it led to the dismissal of the appeal and a redirection of the proceedings to the Adjudicating Authority.