The appellant, Aakash Dhanhkar, filed an appeal against the Adjudicating Authority's order dated 01.05.2023, which admitted a Section 9 application filed by Respondent No. 2. The appellant expressed a desire to settle the dispute with the Operational Creditor and sought to introduce additional documents. A settlement agreement was reached between the Operational Creditor and the Corporate Debtor on 15.07.2023, with part payment already made. The IRP had incurred expenses of Rs. 1 lakh, which had not been paid. The Adjudicating Authority had directed payment of Rs. 1 lakh. The IRP's total expenses were Rs. 3 lakhs, agreed to be paid equally by the Operational Creditor and Corporate Debtor. The relevance of the settlement agreement is that it formed the basis for closing

The appellant, Aakash Dhanhkar, filed an appeal against the Adjudicating Authority's order dated 01.05.2023, which admitted a Section 9 application filed by Respondent No. 2. The appellant expressed a desire to settle the dispute with the Operational Creditor and sought to introduce additional documents. A settlement agreement was reached between the Operational Creditor and the Corporate Debtor on 15.07.2023, with part payment already made. The IRP had incurred expenses of Rs. 1 lakh, which had not been paid. The Adjudicating Authority had directed payment of Rs. 1 lakh. The IRP's total expenses were Rs. 3 lakhs, agreed to be paid equally by the Operational Creditor and Corporate Debtor. The relevance of the settlement agreement is that it formed the basis for closing