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Honeywell Automation India settles its dispute with Premier Power Products (Calcutta)

Capital Market 

NCLT dismisses matter under and Code

has concluded and signed a Settlement Agreement dated 28 February 2018, with Power Products (Calcutta), 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 and Code, 2016, by Power Products (Calcutta) before the Mumbai Bench of the National Company Tribunal.

The said matter was listed on 12 March 2018 before the Mumbai Bench of National Company 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 NCLT Bench was accordingly pleased to dismiss the matter as withdrawn and has passed an order in terms thereof.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 18:52 IST