The National Company Law Tribunal (NCLT) admitted a petition by an operational creditor for Rs. 1.67 Crores via an order dated 08.01.2018. The appellant challenged this order. An impugned order dated 22.01.2018 adjourned the matter. The parties had entered into a Settlement Agreement dated 18.01.2018. The Supreme Court took this settlement agreement on record and set aside the NCLT's order. The key fact is the existence of a settlement agreement between the parties prior to the Supreme Court's intervention, which influenced the court's decision to set aside the NCLT order.

The National Company Law Tribunal (NCLT) admitted a petition by an operational creditor for Rs. 1.67 Crores via an order dated 08.01.2018. The appellant challenged this order. An impugned order dated 22.01.2018 adjourned the matter. The parties had entered into a Settlement Agreement dated 18.01.2018. The Supreme Court took this settlement agreement on record and set aside the NCLT's order. The key fact is the existence of a settlement agreement between the parties prior to the Supreme Court's intervention, which influenced the court's decision to set aside the NCLT order.