Sysco Industries Ltd. filed an appeal against Ecoplast Ltd. before the National Company Law Appellate Tribunal (NCLAT). During the proceedings, the parties reached a settlement. The Hon'ble Supreme Court of India accepted this settlement via an order dated August 28, 2017, in Civil Appeal No. 10581 of 2017. The Supreme Court's order included a directive that a cheque given by the appellant must be honored, with potential contempt of court consequences for non-compliance. The Supreme Court also clarified that the settlement and the resulting order do not prevent other creditors from pursuing legal action against the appellant. The NCLAT, acknowledging the Supreme Court's order, disposed of the appeal.

Sysco Industries Ltd. filed an appeal against Ecoplast Ltd. before the National Company Law Appellate Tribunal (NCLAT). During the proceedings, the parties reached a settlement. The Hon'ble Supreme Court of India accepted this settlement via an order dated August 28, 2017, in Civil Appeal No. 10581 of 2017. The Supreme Court's order included a directive that a cheque given by the appellant must be honored, with potential contempt of court consequences for non-compliance. The Supreme Court also clarified that the settlement and the resulting order do not prevent other creditors from pursuing legal action against the appellant. The NCLAT, acknowledging the Supreme Court's order, disposed of the appeal.