An appeal was filed against an order dated March 12, 2024 , where the Adjudicating Authority admitted a Section 9 application by the Operational Creditor. Subsequently, an interim order was issued on March 27, 2024, directing that no further steps be taken in pursuance of the impugned order. The interim order also stipulated that the Interim Resolution Professional (IRP) should maintain the Corporate Debtor as a running concern with the assistance of the ex-management and its officers and employees. An Interlocutory Application, I.A. No. 3251 of 2024, was filed to bring on record a settlement reached between the parties on May 3, 2024. The counsel for the Operational Creditor confirmed the settlement and requested that the Corporate Insolvency Resolution Process (CIRP)

An appeal was filed against an order dated March 12, 2024 , where the Adjudicating Authority admitted a Section 9 application by the Operational Creditor. Subsequently, an interim order was issued on March 27, 2024, directing that no further steps be taken in pursuance of the impugned order. The interim order also stipulated that the Interim Resolution Professional (IRP) should maintain the Corporate Debtor as a running concern with the assistance of the ex-management and its officers and employees. An Interlocutory Application, I.A. No. 3251 of 2024, was filed to bring on record a settlement reached between the parties on May 3, 2024. The counsel for the Operational Creditor confirmed the settlement and requested that the Corporate Insolvency Resolution Process (CIRP)