Pranav Kumar filed an appeal against the order dated 05.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which admitted CP (IB) No. 10/KB/2020 filed under Section 9 of the IBC. M/s. GEO Source & Anr. are the respondents. The parties have settled the matter, with a payment of Rs.72,50,000/- made to the Respondent- Operational Creditor. The learned counsel for the parties filed a Joint Application in the Court where the parties have submitted that both the parties have settled the matter. The Respondent- Operational Creditor has received the said amount of Rs.72,50,000/- from the Suspended Director of the Corporate Debtor. The court allowed the withdrawal of the Section 9 application, and the order dated 05.07.2022

Pranav Kumar filed an appeal against the order dated 05.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which admitted CP (IB) No. 10/KB/2020 filed under Section 9 of the IBC. M/s. GEO Source & Anr. are the respondents. The parties have settled the matter, with a payment of Rs.72,50,000/- made to the Respondent- Operational Creditor. The learned counsel for the parties filed a Joint Application in the Court where the parties have submitted that both the parties have settled the matter. The Respondent- Operational Creditor has received the said amount of Rs.72,50,000/- from the Suspended Director of the Corporate Debtor. The court allowed the withdrawal of the Section 9 application, and the order dated 05.07.2022