An appeal was filed against the order dated 17.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench- IV, which admitted an application filed under Section 9. The appellant submitted that a settlement had been entered with the respondent. The IRP came to know about the order on 21.03.2022 and issued publication on 23.03.2022. A Memorandum of Settlement was entered between the parties on 25.03.2022. The Tribunal granted a stay on 25.03.2022. The parties settled, and the court took the settlement dated 25.03.2022 on record. The order initiating CIRP against the Corporate Debtor by order dated 17.02.2022 was set aside. The IRP was directed to be paid expenses incurred for publication in pursuance of the order dated 17.02.2022.

An appeal was filed against the order dated 17.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench- IV, which admitted an application filed under Section 9. The appellant submitted that a settlement had been entered with the respondent. The IRP came to know about the order on 21.03.2022 and issued publication on 23.03.2022. A Memorandum of Settlement was entered between the parties on 25.03.2022. The Tribunal granted a stay on 25.03.2022. The parties settled, and the court took the settlement dated 25.03.2022 on record. The order initiating CIRP against the Corporate Debtor by order dated 17.02.2022 was set aside. The IRP was directed to be paid expenses incurred for publication in pursuance of the order dated 17.02.2022.