Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1554 of 2026 between Salim Diwan (Suspended Director of Krux Pharma Pvt. Ltd.) as Appellant versus Orbit Lifescience Pvt. Ltd. & Another as Respondents. The matter involves a settlement agreement that the parties have arrived at and filed online. Learned Counsel for the Appellant requested permission to bring the hard copy of the settlement agreement on record. Learned Counsel for Respondent No. 1 (Mr. Pulkit Kapoor) also prayed regarding the Vakalatnama filed.
Final Outcome
The NCLAT permitted the Appellant's counsel to bring the hard copy of the settlement agreement on record on the same day (24.08.2026). The Tribunal directed the Registry to accept the hard copy of Vakalatnama filed online by the Appellant's counsel. The case was listed for the next hearing on August 25, 2026 under the same caption. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
Topics: NCLAT Proceeding, Settlement Agreement, Corporate Dispute