The appeal was filed by the suspended director of the CD to challenge the order dated 13.06.2025.

Respondents No. 1 to 3 filed an application under Section 7 of the Code, which was admitted for the resolution of an amount.

The appellant expressed intention to settle the matter with the respondents and was ready to pay the whole amount.

Respondents did not deny the factum of intended settlement.

The appellant agreed to pay the respondents/applicants the whole amount for which the insolvency process was initiated within three days.

There was no other financial creditor except Respondent No. 1 to 3.

The IRP made a publication on 15.06.2025 and fixed the last date for submission of claims by the creditors as 27.06.2025.

The appeal was filed by the suspended director of the CD to challenge the order dated 13.06.2025.

Respondents No. 1 to 3 filed an application under Section 7 of the Code, which was admitted for the resolution of an amount.

The appellant expressed intention to settle the matter with the respondents and was ready to pay the whole amount.

Respondents did not deny the factum of intended settlement.

The appellant agreed to pay the respondents/applicants the whole amount for which the insolvency process was initiated within three days.

There was no other financial creditor except Respondent No. 1 to 3.

The IRP made a publication on 15.06.2025 and fixed the last date for submission of claims by the creditors as 27.06.2025.