West Coast Oils-Ashish Infracon NCLT Case Withdrawn

Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad

Order Date: 29/06/2026

Case Overview

The proceeding was a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by West Coast Oils II P (Operational Creditor/Applicant) against Ashish Infracon Private Limited (Corporate Debtor/Respondent). A Withdrawal Pursis was filed along with a copy of a Settlement Agreement, informing the tribunal that the parties had reached an amicable settlement of their dispute out of court. The Settlement Agreement specifies that a Principal Amount of Rs. 1,52,73,792 is payable by the Corporate Debtor to the Operational Creditor, to be paid according to a stipulated schedule.

Final Outcome

The Hon'ble Bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, concluded that no cause for adjudication survived in the case due to the settlement. Consequently, C.P. (IB) No. 133(AHM)/2026 was dismissed as withdrawn. All pending applications, if any, were also disposed of.

Topics: Insolvency, Settlement