The petitions have remained pending since 2024 and were extensively argued before a special bench comprising Judicial Member Mahendra Khandelwal and Technical Member Anu Jagmohan Singh.
The tribunal was set to pronounce its orders today when the airline informed the bench about the settlement.
The NCLT took exception to the same but nevertheless deferred its orders.
“We do not appreciate the conduct of the parties for coming out with the settlement at this stage when the judgment is to be pronounced...Precious judicial time has been wasted in the arguments by both the sides.”
The petitions have remained pending since 2024 and were extensively argued before a special bench comprising Judicial Member Mahendra Khandelwal and Technical Member Anu Jagmohan Singh.
The tribunal was set to pronounce its orders today when the airline informed the bench about the settlement.
The NCLT took exception to the same but nevertheless deferred its orders.
“We do not appreciate the conduct of the parties for coming out with the settlement at this stage when the judgment is to be pronounced...Precious judicial time has been wasted in the arguments by both the sides.”
