The key facts are as follows: 1. An appeal was filed against the initiation of Corporate Insolvency Resolution Process (CIRP) against Rosmaerta Technologies Ltd. 2. The appellant, Sandeep Malik, Director of Rosmaerta Technologies Ltd., and the respondent, Watchdata Technologies (India) Pvt. Ltd., reached an amicable settlement. 3. The appellant agreed to pay Rs. 92 Lakhs to the respondent for full and final discharge of the claim. 4. A demand draft for Rs. 92 Lakhs was handed over to the respondent's counsel. 5. The Interim Resolution Professional (IRP) had received their fee and incurred expenditure. 6. The IRP was at the threshold stage, and the Committee of Creditors was yet to be constituted. 7. The court found no legal impediment to entertaining the settlement. 8.

The key facts are as follows: 1. An appeal was filed against the initiation of Corporate Insolvency Resolution Process (CIRP) against Rosmaerta Technologies Ltd. 2. The appellant, Sandeep Malik, Director of Rosmaerta Technologies Ltd., and the respondent, Watchdata Technologies (India) Pvt. Ltd., reached an amicable settlement. 3. The appellant agreed to pay Rs. 92 Lakhs to the respondent for full and final discharge of the claim. 4. A demand draft for Rs. 92 Lakhs was handed over to the respondent's counsel. 5. The Interim Resolution Professional (IRP) had received their fee and incurred expenditure. 6. The IRP was at the threshold stage, and the Committee of Creditors was yet to be constituted. 7. The court found no legal impediment to entertaining the settlement. 8.