NCLAT hears appeal against CIRP admission order for Distribution Logistics Infrastructure over ₹900 crore bank debt.
Appellant proposes ₹631 crore settlement, exceeding ARC's ₹621 crore offer, but CoC rejects due to distrust.
Tribunal directs appellant to deposit 50% of ₹631 crore by July 9 and remaining by July 20, 2026.
Final decision on settlement proposal deferred to July 22, 2026, pending lender bank and CoC instructions.