The Bank of India filed an application under Section 7 of the I&B Code, 2016, before the National Company Law Tribunal (NCLT), Mumbai Bench, claiming a due of Rs. 111,61,53,766/-. The NCLT admitted the application on June 23, 2023. Subsequently, the appellant filed an Interlocutory Application (I.A.) stating that the entire outstanding amount claimed by the Bank had been paid on July 28, 2023, and provided supporting email correspondence. The Bank's counsel confirmed receiving instructions that the amount had been paid. This payment is the key fact that led to the appeal being disposed of.

The Bank of India filed an application under Section 7 of the I&B Code, 2016, before the National Company Law Tribunal (NCLT), Mumbai Bench, claiming a due of Rs. 111,61,53,766/-. The NCLT admitted the application on June 23, 2023. Subsequently, the appellant filed an Interlocutory Application (I.A.) stating that the entire outstanding amount claimed by the Bank had been paid on July 28, 2023, and provided supporting email correspondence. The Bank's counsel confirmed receiving instructions that the amount had been paid. This payment is the key fact that led to the appeal being disposed of.