The appellant, Gautam Thapar, filed an appeal against an order passed by the NCLT, New Delhi, initiating corporate insolvency resolution process against Respondent No.2 Company. The appellant claimed a pre-existing dispute. During the final arguments, the parties settled the dispute, with the appellant agreeing to pay Rs.61 Lakh, including Rs.2 Lakh towards the IRP's cost, which was paid by Respondent No.1 to Respondent No.3. The payment of Rs.61 lakhs has since been made to Respondent No.1 by RTGS (Transaction Reference Number – HDFCR 5202408218578205 dated 21st August, 2024). The learned Counsel for Respondent No.1 confirms the same. Consequently, the CIRP was quashed, and the NCLT order was set aside. The relevance of the facts is that they demonstrate the

The appellant, Gautam Thapar, filed an appeal against an order passed by the NCLT, New Delhi, initiating corporate insolvency resolution process against Respondent No.2 Company. The appellant claimed a pre-existing dispute. During the final arguments, the parties settled the dispute, with the appellant agreeing to pay Rs.61 Lakh, including Rs.2 Lakh towards the IRP's cost, which was paid by Respondent No.1 to Respondent No.3. The payment of Rs.61 lakhs has since been made to Respondent No.1 by RTGS (Transaction Reference Number – HDFCR 5202408218578205 dated 21st August, 2024). The learned Counsel for Respondent No.1 confirms the same. Consequently, the CIRP was quashed, and the NCLT order was set aside. The relevance of the facts is that they demonstrate the