Case Law Analysis
|National Company Law Appellate Tribunal
Section 12A IBC | CoC’s 100% Settlement Approval Renders Pending Appeal Infructuous, Justifying Disposal: NCLAT
The NCLAT has ruled that when the Committee of Creditors approves a full settlement, any pending appeal under Section 7 IBC becomes infructuous and must be disposed of, as the statutory pathway for withdrawal under Section 12A now governs the outcome. This reinforces that procedural efficiency trumps appellate redundancy when resolution is secured, benefiting corporate debtors in essential services like healthcare.