On 2020-01-24, M/s. Sew Infrastructure Limited (Financial Creditor) initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Jaldi Traders & Commerce House Private Limited (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted the application via an order dated August 21, 2019. Subsequently, the appellant indicated a negotiation for settlement with the respondent. The parties reached a settlement and filed a joint application under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016. The Interim Resolution Professional had not taken charge, and no public announcement was made. The Financial Creditor had already applied for a change of the Interim Resolution

On 2020-01-24, M/s. Sew Infrastructure Limited (Financial Creditor) initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Jaldi Traders & Commerce House Private Limited (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted the application via an order dated August 21, 2019. Subsequently, the appellant indicated a negotiation for settlement with the respondent. The parties reached a settlement and filed a joint application under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016. The Interim Resolution Professional had not taken charge, and no public announcement was made. The Financial Creditor had already applied for a change of the Interim Resolution