Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two combined company appeals: Company Appeal (AT) No. 319 of 2025 (Chandan Kumar Shaw & Anr. vs Asthavinayak Polysacks Pvt. Ltd. & Ors.) and Company Appeal (AT) No. 17 of 2026 (Chandan Kumar Shaw & Ors. vs Smartex Polyfabs Pvt. Ltd. & Ors.). Learned counsel for the parties made a joint statement informing the bench that the parties had already entered into a settlement. The tribunal noted that this compromise must be placed on the record in compliance with the provisions of Order XXIII Rule 3 of the Code of Civil Procedure, 1908.
Final Outcome
The tribunal directed the parties to the appeals to place the settlement on record under their joint signatures along with their affidavits. It listed both company appeals 'For Orders' on the next date of hearing, which is 16 October 2026. The interim order dated 17 December 2025 was ordered to continue until this next date of listing.
The bench comprised Justice Sharad Kumar Sharma (Member - Judicial), Arun Baroka (Member - Technical), and Indevar Pandey (Member - Technical).
- Topics: NCLAT, Settlement, Company Appeal