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of <h1>NCLAT dismisses Section 9 Insolvency Application after parties settle during appeal.</h1> The National Company Law Appellate Tribunal in New Delhi rejected an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties ... Maintainability of appeal - Application filed by Operational Creditor under Section 9 of the ‘Insolvency and Bankruptcy Code, 2016 - HELD THAT:- During the pendency of the appeal, the parties settled the dispute and brought on record the terms of settlement dated 14th September, 2018 arrived between the parties. In terms of the said settlement, the demand draft has been handed over to Mr. Susshil Daga, learned counsel for the Appellant who on his turn handed over the same to Mr. Piyush Pareek, Proprietor of ‘B.R Construction’ who is present in the court. In view of the settlement, no further order is required to be passed in this appeal - appeal dismissed. The Appellate Tribunal National Company Law Appellate Tribunal, New Delhi, rejected an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties settled the dispute during the appeal, and no further order was required. The appeal and Interlocutory Application were disposed of with no cost.
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