NCLAT stays fresh insolvency proceedings for VAS Infrastructure Ltd to allow settlement negotiations between suspended directors and Canara Bank.
Appeals challenge NCLT order that rejected a 100% CoC-approved resolution plan and alleged collusion among stakeholders.
Tribunal lists all connected appeals for final hearing on October 26, 2026, maintaining interim protection for settlement talks.
New Resolution Professional raises no objection to the stay request, facilitating continued settlement deliberations.