NCLAT allows appeal, setting aside NCLT Kolkata's order admitting Raja Udyog Private Limited into insolvency.
Parties reached full settlement of ₹3.19 crore debt; ₹2.25 crore paid pre-order, balance paid post-order.
Tribunal found due amount was ₹93.88 lakh on order date, below ₹1 crore threshold for insolvency.
Appellant directed to bear CIRP costs; no order as to costs on appeal.