NCLAT Disposes of A.F. Enterprises' Appeal Against Financial Creditor as Infructuous

A.F. Enterprises Ltd. has announced that the National Company Law Appellate Tribunal (NCLAT) has passed an order on 10th July, 2025, disposing of their appeal as infructuous. This comes after the company's decision to settle the dispute with the Financial Creditor, as per the Insolvency and Bankruptcy Code, 2016. The dispute was over a claimed amount of Rs. 2,44,19,528 as of 01.05.2022. The parties settled the dispute through an agreement dated 07.07.2025, with the full amount paid and CIRP cost agreed by the appellant. The IRP was directed not to take any further steps except as authorized by the CoC, pending the application under Section 12A and Regulation 30A.