Sunil Dhananjay Sapre, Ex. Director of Patel Engineering, filed an appeal against A.J. Buildcon Pvt. Ltd. & Anr. The appeal was against the order dated 08.02.2023 passed in CP (IB) No. 627/MB-IV/2021, which admitted a Section 9 application filed by the Operational Creditor for an amount of Rs.4,04,43,155/-. Subsequently, the Appellant and Respondent No.1 jointly filed I.A. No. 610 of 2023, stating that a settlement agreement had been entered into between the parties on 09.02.2023. The operational debt was paid, and Respondent No. 1 accepted the settlement. The key fact is the settlement agreement and the payment of the operational debt, which led to the disposal of the appeal.

Sunil Dhananjay Sapre, Ex. Director of Patel Engineering, filed an appeal against A.J. Buildcon Pvt. Ltd. & Anr. The appeal was against the order dated 08.02.2023 passed in CP (IB) No. 627/MB-IV/2021, which admitted a Section 9 application filed by the Operational Creditor for an amount of Rs.4,04,43,155/-. Subsequently, the Appellant and Respondent No.1 jointly filed I.A. No. 610 of 2023, stating that a settlement agreement had been entered into between the parties on 09.02.2023. The operational debt was paid, and Respondent No. 1 accepted the settlement. The key fact is the settlement agreement and the payment of the operational debt, which led to the disposal of the appeal.