Oswal Overseas Ltd — Important, 16-07-2026: Company Update

Oswal Overseas Limited has amicably settled its dispute with financial creditor LH Sugar Factories Limited. The company paid Rs. 2.80 Cr, resulting in the full and final discharge of the financial debt owed. Subsequently, Oswal Overseas withdrew its appeal before the NCLAT, which was dismissed. The NCLAT also provided guidance for future steps: should an application to withdraw the insolvency process be filed, the Interim Resolution Professional can gather claims and form the Committee of Creditors, but cannot invite new bids until that application is decided. This is a key step towards resolving the company's insolvency situation.