An appeal is before the National Company Law Appellate Tribunal (NCLAT) where the parties, Loknath Prasad Gupta (Appellant) and Dinesh Chand & Ors. (Respondents), have informed the Tribunal that they are in the process of reaching a settlement.
The Learned Counsel for the Appellant and Respondent Nos. 1, 2, and 3 submitted that the parties are in the process of entering into a settlement.
Rs. 2.25 crore has already been given to Respondent Nos. 1, 2, and 3 by the Appellant.
A Demand Draft of Rs. 93 lacs has been prepared in favour of Respondent Nos. 1, 2, and 3.
The settlement terms are to be reduced into writing within the next four days.
The settlement, along with a joint affidavit, is to be submitted before the Appellate Tribunal within 3-4 days.
The appeal is listed for further hearing on August 3, 2026.
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The NCLAT issued an order noting that parties…
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An appeal is before the National Company Law Appellate Tribunal (NCLAT) where the parties, Loknath Prasad Gupta (Appellant) and Dinesh Chand & Ors. (Respondents), have informed the Tribunal that they are in the process of reaching a settlement.
The Learned Counsel for the Appellant and Respondent Nos. 1, 2, and 3 submitted that the parties are in the process of entering into a settlement.
Rs. 2.25 crore has already been given to Respondent Nos. 1, 2, and 3 by the Appellant.
A Demand Draft of Rs. 93 lacs has been prepared in favour of Respondent Nos. 1, 2, and 3.
The settlement terms are to be reduced into writing within the next four days.
The settlement, along with a joint affidavit, is to be submitted before the Appellate Tribunal within 3-4 days.
The appeal is listed for further hearing on August 3, 2026.
The NCLAT issued an order noting that parties…
The appeal is listed…
Sign in to view related legal provisions.