M/S. Sysco Industries Ltd. filed a civil appeal against M/S. Ecoplast Ltd. before the Supreme Court of India. The appeal originated from an order passed by the National Company Law Appellate Tribunal (NCLAT). The Supreme Court found the NCLAT's order to be correct. A settlement was reached between the parties, and the Supreme Court exercised its power under Article 142 of the Constitution to accept the settlement. The court directed that proceedings pending before the National Company Law Tribunal be disposed of. A cheque was given by the appellant, and the court mandated that it be honored, with potential contempt charges for non-compliance. The order does not prevent other creditors from proceeding against the appellant.

M/S. Sysco Industries Ltd. filed a civil appeal against M/S. Ecoplast Ltd. before the Supreme Court of India. The appeal originated from an order passed by the National Company Law Appellate Tribunal (NCLAT). The Supreme Court found the NCLAT's order to be correct. A settlement was reached between the parties, and the Supreme Court exercised its power under Article 142 of the Constitution to accept the settlement. The court directed that proceedings pending before the National Company Law Tribunal be disposed of. A cheque was given by the appellant, and the court mandated that it be honored, with potential contempt charges for non-compliance. The order does not prevent other creditors from proceeding against the appellant.