HJM Fuels Pvt. Ltd., the Operational Creditor, initiated insolvency proceedings against a Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Before the matter could be fully adjudicated, the Operational Creditor and the Corporate Debtor reached a settlement. Consequently, HJM Fuels Pvt. Ltd. withdrew its application under Section 9. The Adjudicating Authority formally withdrew the application on June 17, 2020. Anil Agarwal, the Director, filed an appeal, but the counsel for the appellant corroborated the settlement and stated that the appellant did not wish to press the appeal further. The resolution costs and expenses of the Interim Resolution Professional were also settled.

HJM Fuels Pvt. Ltd., the Operational Creditor, initiated insolvency proceedings against a Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Before the matter could be fully adjudicated, the Operational Creditor and the Corporate Debtor reached a settlement. Consequently, HJM Fuels Pvt. Ltd. withdrew its application under Section 9. The Adjudicating Authority formally withdrew the application on June 17, 2020. Anil Agarwal, the Director, filed an appeal, but the counsel for the appellant corroborated the settlement and stated that the appellant did not wish to press the appeal further. The resolution costs and expenses of the Interim Resolution Professional were also settled.