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| Exchange Received Time 12/03/2018 17:30:02 Exchange Disseminated Time 12/03/2018 17:30:08 Time Taken 00:00:06 | This is further to our letter dated March 1, 2018, intimating that Company has concluded and signed a Settlement Agreement dated February 28, 2018, with Premier Power Products (Calcutta) Private Limited, towards full and final settlement of the disputed claim, and an in principle agreement to withdraw the petition filed against the Company under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Premier Power Products (Calcutta) Private Limited before the Mumbai Bench of the National Company Law Tribunal.
This is further to inform you that said matter was listed today before the Mumbai Bench of National Company Law Tribunal (NCLT). The Advocates for the parties informed the Ld. NCLT Bench that the parties had arrived at a settlement of their disputes and had entered into settlement terms. The Ld. NCLT Bench was accordingly pleased to dismiss the matter as withdrawn and has passed an order in terms thereof.
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