The National Company Law Appellate Tribunal (NCLAT) passed an order on 30.11.2017, stating that it could not use its inherent powers to record a compromise between the parties after the admission of a petition under the Insolvency and Bankruptcy Code (IBC). The parties had reached a compromise, and a written consent dated 18.11.2017 was submitted, indicating that payments had been made. The Supreme Court, to provide a final resolution, invoked its powers under Article 142 of the Constitution of India. The Supreme Court took the written consent on record, acknowledging that payments had been made, and disposed of the appeal.

The National Company Law Appellate Tribunal (NCLAT) passed an order on 30.11.2017, stating that it could not use its inherent powers to record a compromise between the parties after the admission of a petition under the Insolvency and Bankruptcy Code (IBC). The parties had reached a compromise, and a written consent dated 18.11.2017 was submitted, indicating that payments had been made. The Supreme Court, to provide a final resolution, invoked its powers under Article 142 of the Constitution of India. The Supreme Court took the written consent on record, acknowledging that payments had been made, and disposed of the appeal.