The appellant, Rakesh Mahajan, filed a Company Appeal (AT) (Insolvency) No. 1511 of 2019 before the National Company Law Appellate Tribunal, New Delhi, against the respondents, Akash Agarwal & Anr. During the proceedings, the appellant's counsel informed the court that a settlement had been reached between the parties, and a written Settlement Agreement was executed on January 13, 2020. This settlement amicably resolved the dispute that was the subject of the appeal. Consequently, the appeal became infructuous, meaning it no longer served a purpose because the underlying issue had been resolved. The court then dismissed the appeal based on the statement made by the appellant's counsel.

The appellant, Rakesh Mahajan, filed a Company Appeal (AT) (Insolvency) No. 1511 of 2019 before the National Company Law Appellate Tribunal, New Delhi, against the respondents, Akash Agarwal & Anr. During the proceedings, the appellant's counsel informed the court that a settlement had been reached between the parties, and a written Settlement Agreement was executed on January 13, 2020. This settlement amicably resolved the dispute that was the subject of the appeal. Consequently, the appeal became infructuous, meaning it no longer served a purpose because the underlying issue had been resolved. The court then dismissed the appeal based on the statement made by the appellant's counsel.