Contiental Carries Pvt. Ltd. initiated proceedings against Advance Surfactants (India) Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties and requested permission to withdraw the petition. The court acknowledged this settlement and dismissed the petition as withdrawn. The order also stipulates that if the terms of the settlement are not adhered to and a default occurs, the petitioner is entitled to file a new petition or seek revival of the original petition.

Contiental Carries Pvt. Ltd. initiated proceedings against Advance Surfactants (India) Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties and requested permission to withdraw the petition. The court acknowledged this settlement and dismissed the petition as withdrawn. The order also stipulates that if the terms of the settlement are not adhered to and a default occurs, the petitioner is entitled to file a new petition or seek revival of the original petition.