NCLAT Grants Richa India Director Final Payment Extension

NCLAT grants Prakash Joshi final extension until April 15, 2026 to deposit entire settlement amount with interest to avoid CIRP revival.
Interim order protecting Richa India from CoC formation will vacate automatically if payment is not made by the extended deadline.
Edelweiss ARC contends settlement stands cancelled due to breach, making entire amount due regardless of extension.