(Rohinton Fali Nariman and Navin Sinha, JJ.)
Gaurav Vinod Goel (Promoter and Shareholder of Twenty First Century Wire Rods Ltd.) ___________________________________ Appellant;
v.
Inox Air Products Pvt. Ltd. _______________________ Respondent(s).
Civil Appeal No. 865 of 2018, decided on January 29, 2018
The Order of the court was delivered by
Order
1. Heard the learned Senior Counsel appearing for the appellant.
2. By an order dated 08.01.2018, the National Company Law Tribunal admitted the petition by an operational creditor for an amount of Rs. 1.67 Crores. The impugned order dated 22.01.2018 merely adjourned the matter presumably so that the parties could approach this Court in view of the fact that they had, by that date, entered into a Settlement Agreement dated 18.01.2018.
3. We take the said Settlement Agreement dated 18.01.2018 on record, and by using our powers under Article 142 of the Constitution of India, set aside the order dated 08.01.2018 passed by the National Company Law Tribunal.
4. Accordingly, the appeal is allowed.
5. Pending applications filed in the matter stand disposed of.
Civil Appeal No(s). 865/2018
Gaurav Vinod Goel (Promoter and Shareholder of Twenty First Century Wire Rods Ltd.) ___________________________________ Appellant
v.
Inox Air Products Pvt. Ltd __________________________ Respondent
Date : 29-01-2018 This appeal was called on for hearing today.
(Before Rohinton Fali Nariman and Navin Sinha, JJ.)
For Appellant(s) Mr. Shyam Divan, Sr. Adv.
Mr. Nikhil Nayyar, AOR
Mr. Darshan Mehta, Adv.
Mr. N. Sai Vinod, Adv.
Mr. Dhananjay Baijal, Adv.
Ms. Smriti Shah, Adv.
Mr. Divyanshu Rai, Adv.
For Respondent(s) Mr. Rajat Jariwal, Adv.
Mr. Sahil Narang, Adv.
Mr. Sanjeev K. Kapor, Adv.
For M/s. Khaitan & Co., AOR
UPON hearing the counsel the Court made the following
ORDER
6. The appeal is allowed in terms of the signed order.
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