Oswal Overseas Settles Insolvency Case With ₹2.80 Crore Payment, NCLAT Dismisses Appeal

Oswal Overseas settled with financial creditor LH Sugar Factories, paying Rs 2.80 Cr to fully discharge debt. NCLAT dismissed the insolvency appeal as withdrawn, directing IRP to only collate claims until a Section 12A application is disposed, effectively resolving the CIRP threat.