Rajratan Babulal Agarwal filed an appeal against State Bank of India & Anr. The appellant is in continuous dialogue with the bank for submitting an OTS proposal after the passing of the impugned order. Correspondence has occurred between the appellant and the bank, and the appellant is awaiting a reply from the bank regarding the expected amount and manner of deposit. The appellant's counsel stated that the appellant will endeavor to enter into settlement and try to liquidate the debt as per the bank's decision. The IRP is directed not to constitute the Committee of Creditors and to refrain from further steps except collation and verification of the claim.

Rajratan Babulal Agarwal filed an appeal against State Bank of India & Anr. The appellant is in continuous dialogue with the bank for submitting an OTS proposal after the passing of the impugned order. Correspondence has occurred between the appellant and the bank, and the appellant is awaiting a reply from the bank regarding the expected amount and manner of deposit. The appellant's counsel stated that the appellant will endeavor to enter into settlement and try to liquidate the debt as per the bank's decision. The IRP is directed not to constitute the Committee of Creditors and to refrain from further steps except collation and verification of the claim.