Polymet SA (S) PTE. LIMITED initiated proceedings against Shree Tel Fab Industries Private Limited. During the proceedings, the parties entered into a settlement agreement dated 2021-08-28. The settlement agreement was placed on record before the National Company Law Tribunal (NCLT), Kolkata Bench. As a result of the settlement, the case CP(KB)/49(KB)2021 was dismissed as withdrawn. The Operational Creditor, Polymet SA (S) PTE. LIMITED, was granted the liberty to revive the matter if the settlement agreement fails.

Polymet SA (S) PTE. LIMITED initiated proceedings against Shree Tel Fab Industries Private Limited. During the proceedings, the parties entered into a settlement agreement dated 2021-08-28. The settlement agreement was placed on record before the National Company Law Tribunal (NCLT), Kolkata Bench. As a result of the settlement, the case CP(KB)/49(KB)2021 was dismissed as withdrawn. The Operational Creditor, Polymet SA (S) PTE. LIMITED, was granted the liberty to revive the matter if the settlement agreement fails.