NCLT Bengaluru records settlement of petition; Rs. 3.8 crore payable in two equal instalments
A-One Steels: NCLT Bengaluru order records settlement of Shri Khatu Shyam Ispat Udyog LLP's petition.
By ScoutQuest · · 1 min read
- Settlement Amount
- Rs. 3.8 crore, payable in two equal instalments
- First Instalment Paid
- ₹1.9 crore already paid on October 15, 2026
- Balance Instalment Due
- Rs. 1.9 crore payable by end of October 2026
What the company said
A-One Steels India Ltd has informed the exchanges that the Hon'ble National Company Law Tribunal, Bengaluru Bench, has recorded that the matter between M/s. Shri Khatu Shyam Ispat Udyog LLP (Petitioner) and A-One Steels India Ltd (Respondent) has been settled. The petition was shared under Section 9 of the I & B Code, 2016 in CP (IB) No. 34/BB/2026.
Settlement terms
- Total amount: Rs. 3.8 crore, payable in two equal instalments.
- First instalment of ₹1.9 crore, already paid on October 15, 2026.
- Second instalment of Rs. 1.9 crore, payable by the end of October 2026.
- Compensation / Penalty: None.
What happens next
The NCLT has listed the matter on November 06, 2026 for reporting the implementation of the settlement and disposal of the case, and failing that, for hearing on admission.
Impact stated by the company
The company states that there is no major impact on its financial position, considering the size of the company, except the payment of the agreed settlement amount of Rs. 3.8 crore.
How to read this
- The order records that the parties have settled; the case itself is listed for reporting implementation and disposal, so the next date is the one to track.
- The company has set out the amount and the instalment split, so the balance payment due by end-October 2026 can be followed against the disclosure.
- No compensation or penalty has been disclosed as payable under the settlement.
Also from A-One Steels India
Promoter group entity reported for buying shares during trading window closure
21 Oct 2026
Q1 results approved with unmodified limited review; fire at Furnace-4 of Ferro plant under assessment
19 Oct 2026
NCLT case settled between parties; tribunal's written order awaited
14 Oct 2026
More numbers
- Total settlement amountRs. 3,80,00,000/-
- First instalment (paid on October 15, 2026)₹1,90,00,000
- Second instalment (payable by end of October 2026)Rs. 1,90,00,000/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.