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. The appellant in the case is Abhay Sapre, who is identified as the Suspended Director of FTF Pharma Private Limited. The respondents are Immacule Lifesciences Pvt. Ltd. & Anr. The appeal was presented before a bench consisting of Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical). 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 this settlement were in the process of being reduced into writing.
Final Outcome
The NCLAT, acknowledging the request of the appellant's counsel, adjourned the hearing. The tribunal ordered that the appeal be listed the next day, 22 September 2026, to be taken up among the first five cases on the cause list. This adjournment was granted to allow for the formalization of the written settlement agreement.
Topics: Insolvency Appeal, Settlement, NCLAT