RCC Infra Ventures Ltd. filed an appeal against Ashtech Industries Pvt. Ltd. before the NCLAT. During the proceedings, the appellant's counsel informed the court that a settlement had been reached between the parties, with Rs.35.00 Lacs being handed over. The appellant requested a week's time to formally record the settlement. The court, in the interim, directed that the Committee of Creditors not be constituted and granted liberty to the parties to bring the settlement on record. The case was listed for further hearing on 2024-05-24. The key fact is the settlement between the parties, which led to the court's interim order and adjournment.

RCC Infra Ventures Ltd. filed an appeal against Ashtech Industries Pvt. Ltd. before the NCLAT. During the proceedings, the appellant's counsel informed the court that a settlement had been reached between the parties, with Rs.35.00 Lacs being handed over. The appellant requested a week's time to formally record the settlement. The court, in the interim, directed that the Committee of Creditors not be constituted and granted liberty to the parties to bring the settlement on record. The case was listed for further hearing on 2024-05-24. The key fact is the settlement between the parties, which led to the court's interim order and adjournment.