NCLAT Stays Order in IndusInd Bank Settlement Case

The NCLAT has stayed an order and is considering a settlement between Nirmal Singh and IndusInd Bank, with the next hearing on 29 April 2026.
The appellant has increased his settlement offer to ₹12 crore and paid ₹1 crore as a draft to the bank.
The bank is considering the proposal and will decide within 15 days, with the next hearing on 29 April 2026.