Mohan Bhandari filed an appeal against Asset Reconstruction Company (India) Ltd. The appeal contested an order dated 2022-11-11 by the Adjudicating Authority, which admitted a Section 7 application. The appellant submitted additional documents, including a 'No Dues Certificate' dated 2023-04-10 issued by the respondent, confirming the receipt of the entire settlement amount. The appellant's counsel argued that the IRP had only made a publication. The appellant undertook to pay the necessary expenses and fees to the IRP after receiving the bill. The existence of a 'No Dues Certificate' is a key fact, suggesting that the debt had been settled, potentially rendering the CIRP unnecessary.

Mohan Bhandari filed an appeal against Asset Reconstruction Company (India) Ltd. The appeal contested an order dated 2022-11-11 by the Adjudicating Authority, which admitted a Section 7 application. The appellant submitted additional documents, including a 'No Dues Certificate' dated 2023-04-10 issued by the respondent, confirming the receipt of the entire settlement amount. The appellant's counsel argued that the IRP had only made a publication. The appellant undertook to pay the necessary expenses and fees to the IRP after receiving the bill. The existence of a 'No Dues Certificate' is a key fact, suggesting that the debt had been settled, potentially rendering the CIRP unnecessary.