Ajay Knitwears and Fabrics Private Limited filed a petition for Special Leave to Appeal against an order passed by the National Company Law Tribunal, Chandigarh Bench in CPIB No. 126/2017. Mahavir Traders is the respondent. The Supreme Court heard the petition and noted that the National Company Law Appellate Tribunal's order was correct. However, the Court decided to exercise its power under Article 142 of the Constitution to accept the settlement that had been entered into between the parties. As a result, the pending proceeding before the National Company Law Tribunal was disposed of.

Ajay Knitwears and Fabrics Private Limited filed a petition for Special Leave to Appeal against an order passed by the National Company Law Tribunal, Chandigarh Bench in CPIB No. 126/2017. Mahavir Traders is the respondent. The Supreme Court heard the petition and noted that the National Company Law Appellate Tribunal's order was correct. However, the Court decided to exercise its power under Article 142 of the Constitution to accept the settlement that had been entered into between the parties. As a result, the pending proceeding before the National Company Law Tribunal was disposed of.