R. Arjun Govind, the Suspended Director of BGR Energy Systems Limited, filed an appeal against an order passed by the National Company Law Tribunal, Amaravati Bench. The appeal was filed before the National Company Law Appellate Tribunal at Chennai. The respondents include P.V.B. Sudhakara Rao, the Interim Resolution Professional of BGR Energy Systems Limited, and RDC Concrete India Private Limited. The appellant and the 2nd respondent (Operational Creditor) filed a joint memo indicating a settlement. The settlement terms were recorded in a Memorandum of Settlement dated 03.04.2024. The tribunal allowed the appeal, setting aside the impugned order. The IRP was granted liberty to apply for determination of fees.

R. Arjun Govind, the Suspended Director of BGR Energy Systems Limited, filed an appeal against an order passed by the National Company Law Tribunal, Amaravati Bench. The appeal was filed before the National Company Law Appellate Tribunal at Chennai. The respondents include P.V.B. Sudhakara Rao, the Interim Resolution Professional of BGR Energy Systems Limited, and RDC Concrete India Private Limited. The appellant and the 2nd respondent (Operational Creditor) filed a joint memo indicating a settlement. The settlement terms were recorded in a Memorandum of Settlement dated 03.04.2024. The tribunal allowed the appeal, setting aside the impugned order. The IRP was granted liberty to apply for determination of fees.