Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 16 September 2026
Case Overview
This is an appeal filed under Comp. App. (AT) (Ins) No. 1568 of 2026. The appellant is Santu Karar, and the respondent is Stemztech Industries Pvt. Ltd. & Anr. The matter pertains to proceedings under the Insolvency and Bankruptcy Code. During the hearing, learned counsel for both parties jointly submitted that the dispute has been amicably settled between them outside the tribunal.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the appeal based on the parties' request. The settlement agreement is to be formally brought on record within two weeks from the order date. The appeal has been relisted for the next hearing on 7 October 2026 under the same caption to review the submitted settlement.
Topics: Legal Settlement, Corporate Insolvency