Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1781 of 2026, filed by Abhay Sapre, the Suspended Director of FTF Pharma Private Limited, against Immacule Lifesciences Pvt. Ltd. and Another. During the hearing, Mr. Kunal Vaishnav, learned counsel for the Appellant, made a request to the tribunal. He informed the bench that the matter between the parties had been settled and that the terms of settlement were currently being reduced into writing.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical), granted the request for adjournment. The appeal was listed for the next day, 22 September 2026, to be heard among the first five cases on the cause list. The outcome of the settlement discussions and the final disposal of the appeal remain pending until the next hearing.
Topics: Insolvency Proceedings, NCLAT Settlement, Corporate Litigation