The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted an application under Section 7 of the IBC filed by the Financial Creditor on 23.06.2023. An appeal was filed against this order. An interim order was passed on 07.07.2023. Subsequently, both parties jointly filed I.A. 3697 of 2023, submitting Consent Terms dated 09.08.2023, indicating that they had settled their issues. The Appellant's counsel submitted that the IRP fees, as fixed by the Adjudicating Authority, would be paid as per the Consent Terms. The key fact is the settlement between the parties leading to the disposal of the appeal and closure of the CIRP.

The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted an application under Section 7 of the IBC filed by the Financial Creditor on 23.06.2023. An appeal was filed against this order. An interim order was passed on 07.07.2023. Subsequently, both parties jointly filed I.A. 3697 of 2023, submitting Consent Terms dated 09.08.2023, indicating that they had settled their issues. The Appellant's counsel submitted that the IRP fees, as fixed by the Adjudicating Authority, would be paid as per the Consent Terms. The key fact is the settlement between the parties leading to the disposal of the appeal and closure of the CIRP.