Prakash Bhandare filed an appeal against IVAX Paper Chemicals Ltd. & Anr. before the NCLAT. During the proceedings, the parties reached a settlement. As a result of this settlement, I.A. No. 1707 of 2022, which was filed in CP (IB) No. 2939/IBC/MB/2018 before the National Company Law Tribunal, Mumbai Court II, was allowed by the Adjudicating Authority on June 24, 2022. The appellant's counsel informed the NCLAT about the settlement and the allowance of the I.A. The factum of settlement was not disputed by the other side and was admitted. This settlement led to the dismissal of the appeal.

Prakash Bhandare filed an appeal against IVAX Paper Chemicals Ltd. & Anr. before the NCLAT. During the proceedings, the parties reached a settlement. As a result of this settlement, I.A. No. 1707 of 2022, which was filed in CP (IB) No. 2939/IBC/MB/2018 before the National Company Law Tribunal, Mumbai Court II, was allowed by the Adjudicating Authority on June 24, 2022. The appellant's counsel informed the NCLAT about the settlement and the allowance of the I.A. The factum of settlement was not disputed by the other side and was admitted. This settlement led to the dismissal of the appeal.