Neeraj Walia, the Suspended Board of Director of Shipra Estate Ltd., filed an appeal against IDBI Trusteeship Services Ltd. & Anr. The appellant's counsel informed the court that the appellant had contacted the Financial Creditor and a settlement was likely. The Financial Creditor's counsel did not dispute this statement. The Resolution Professional's counsel stated that the Committee of Creditors (CoC) had already been formed. The court then listed the appeal for further hearing on 2024-03-14 and ordered that no further steps be taken in pursuance of the impugned order.

Neeraj Walia, the Suspended Board of Director of Shipra Estate Ltd., filed an appeal against IDBI Trusteeship Services Ltd. & Anr. The appellant's counsel informed the court that the appellant had contacted the Financial Creditor and a settlement was likely. The Financial Creditor's counsel did not dispute this statement. The Resolution Professional's counsel stated that the Committee of Creditors (CoC) had already been formed. The court then listed the appeal for further hearing on 2024-03-14 and ordered that no further steps be taken in pursuance of the impugned order.