The case involves an appeal against an order by the NCLT Chandigarh that admitted an application under Section 9 of the IBC filed by an Operational Creditor. During the appeal process, the parties entered into a settlement agreement dated 2022-12-12. The appellant's counsel and the Resolution Professional confirmed that the settlement had been reached and that the dues had been cleared. The key fact is the existence and acceptance of the settlement agreement, which led to the disposal of the appeal and the release of the Corporate Debtor from the Corporate Insolvency Resolution Process (CIRP).

The case involves an appeal against an order by the NCLT Chandigarh that admitted an application under Section 9 of the IBC filed by an Operational Creditor. During the appeal process, the parties entered into a settlement agreement dated 2022-12-12. The appellant's counsel and the Resolution Professional confirmed that the settlement had been reached and that the dues had been cleared. The key fact is the existence and acceptance of the settlement agreement, which led to the disposal of the appeal and the release of the Corporate Debtor from the Corporate Insolvency Resolution Process (CIRP).