Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 10th July 2026
Case Overview
This order pertains to Company Appeal (AT) No. 265 of 2025, filed by Diamond Deeltrade Ltd. (Appellant) against Liberty General Insurance Co. Ltd. and Others (Respondents). During the pendency of this appeal, the parties reached an amicable settlement of their disputes. Consequently, the Appellant filed an application (I.A. No. 4702 of 2026) seeking unconditional and irrevocable withdrawal of the appeal and all proceedings initiated against the Respondents.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Mr. Ajai Das Mehrotra (Member (Technical)), allowed the withdrawal application. The appeal was dismissed as withdrawn unconditionally. All pending interlocutory applications (I.As No. 6424, 6425, 6426 of 2025 & 4702 of 2026) were also disposed of.
Topics: Legal Settlement, NCLAT Proceeding