Katha-O-Kahini (Book Sellers) Pvt. Ltd. filed an appeal against Shushila Jain. The Adjudicating Authority had admitted an application under Section 9 on 2023-12-21. The appellant's counsel stated that a Demand Draft for Rs.96,36,291/- was prepared and ready to be deposited or handed over to the respondent. Consent terms were agreed upon, and an I.A. No. 2442 of 2024 was filed to bring these terms on record. The appellant was to bear any additional costs as per Clause 12 of the consent terms. The court set aside the impugned order and directed the release of the amount deposited under the order dated 2024-01-29 to the respondent. The key fact is the settlement between the parties, leading to the disposal of the appeal and the setting aside of the CIRP.

Katha-O-Kahini (Book Sellers) Pvt. Ltd. filed an appeal against Shushila Jain. The Adjudicating Authority had admitted an application under Section 9 on 2023-12-21. The appellant's counsel stated that a Demand Draft for Rs.96,36,291/- was prepared and ready to be deposited or handed over to the respondent. Consent terms were agreed upon, and an I.A. No. 2442 of 2024 was filed to bring these terms on record. The appellant was to bear any additional costs as per Clause 12 of the consent terms. The court set aside the impugned order and directed the release of the amount deposited under the order dated 2024-01-29 to the respondent. The key fact is the settlement between the parties, leading to the disposal of the appeal and the setting aside of the CIRP.