Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1568 of 2026 between Santu Karar (Appellant) and Stemztech Industries Pvt. Ltd. & Anr. (Respondents). Learned Counsel for both parties jointly submitted that they have reached an amicable settlement of their dispute. The parties requested additional time to formally bring the settlement terms on record, specifically within two weeks from the hearing date.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) granted the adjournment request. The appeal has been rescheduled to be listed on October 7, 2026, under the same caption, allowing the parties time to formalize their settlement agreement.
Topics: NCLAT Proceedings, Corporate Settlement, Insolvency Appeal