Interim arrangement continued as appeal was disposed of on undertaking, with reply directed before the NCLT.

The appeal was disposed of on the basis of the respondent's undertaking, with the interim arrangement continued until disposal of the main company petition. The NCLAT also directed that a reply be filed before the NCLT, leaving the substantive dispute to be addressed in the pending company proceedings.

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Outcome: The appeal was disposed of on the basis of the respondent's undertaking, with the interim arrangement continued until disposal of the main company petition and a direction issued for filing a reply before the National Company Law Tribunal.

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