Printers Publication Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against Goyal Books Overseas Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority admitted the application, leading to an appeal by Mr. Dinesh Goyal, Director of the Corporate Debtor. Before the 'Committee of Creditors' was constituted, the Appellant expressed the intention to settle the matter. The Appellant handed over Banker's Cheque No. 037850 dated 11th November, 2019, for Rs. 12,20,574/- to Mr. Kunal Kishor, counsel for the 1st Respondent (Prints Publication Pvt. Ltd.), and another Banker's Cheque No. 037866 dated 13th November, 2019, for Rupees Two Lakhs to Mr. Amit

Printers Publication Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against Goyal Books Overseas Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority admitted the application, leading to an appeal by Mr. Dinesh Goyal, Director of the Corporate Debtor. Before the 'Committee of Creditors' was constituted, the Appellant expressed the intention to settle the matter. The Appellant handed over Banker's Cheque No. 037850 dated 11th November, 2019, for Rs. 12,20,574/- to Mr. Kunal Kishor, counsel for the 1st Respondent (Prints Publication Pvt. Ltd.), and another Banker's Cheque No. 037866 dated 13th November, 2019, for Rupees Two Lakhs to Mr. Amit