The appeal was filed before the National Company Law Appellate Tribunal (NCLAT). The appellant is R. Balasubramanian, and the respondent is ABB India Ltd. & Anr. During the proceedings, the appellant and respondents reached a settlement agreement executed on January 7, 2020, in Chennai. The settlement led to the disposal of the appeal, with the parties being permitted to approach the Adjudicating Authority (NCLT, Chennai Bench) under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional is instructed not to constitute the 'Committee of Creditors' until the matter is addressed by the NCLT.

The appeal was filed before the National Company Law Appellate Tribunal (NCLAT). The appellant is R. Balasubramanian, and the respondent is ABB India Ltd. & Anr. During the proceedings, the appellant and respondents reached a settlement agreement executed on January 7, 2020, in Chennai. The settlement led to the disposal of the appeal, with the parties being permitted to approach the Adjudicating Authority (NCLT, Chennai Bench) under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional is instructed not to constitute the 'Committee of Creditors' until the matter is addressed by the NCLT.