Mahadev Prasad Jhawar filed an appeal against Agarwal Polysacks Ltd. & Anr. before the NCLAT. The parties entered into a settlement agreement, which was brought on record. The Appellant agreed to pay a balance amount of Rs. 40,83,767/-, which has already been paid to the Respondents. An interim order had been passed earlier staying the constitution of the Committee of Creditors. The Adjudicating Authority had initiated the 'Corporate Insolvency Resolution Process' on 03rd November, 2021. The Appellant had deposited amounts before the Registrar of NCLT pursuant to an order dated 17th November, 2021.

Mahadev Prasad Jhawar filed an appeal against Agarwal Polysacks Ltd. & Anr. before the NCLAT. The parties entered into a settlement agreement, which was brought on record. The Appellant agreed to pay a balance amount of Rs. 40,83,767/-, which has already been paid to the Respondents. An interim order had been passed earlier staying the constitution of the Committee of Creditors. The Adjudicating Authority had initiated the 'Corporate Insolvency Resolution Process' on 03rd November, 2021. The Appellant had deposited amounts before the Registrar of NCLT pursuant to an order dated 17th November, 2021.