The key facts are as follows: G.M. Corporation filed a Corporate Insolvency Resolution Process (CIRP) application against Ankit Metal & Power Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). During the hearing on February 12, 2019, both parties informed the NCLT Kolkata Bench that they had reached a settlement outside of the Tribunal. As a result, the Operational Creditor, G.M. Corporation, requested permission to withdraw the CIRP application. The Tribunal granted this request, and the application was disposed of as withdrawn. Rohit Sharma, representing the Operational Creditor, and Anunoy Baru and Srinjoy Berattacharya, representing the Corporate Debtor, were present at the hearing.

The key facts are as follows: G.M. Corporation filed a Corporate Insolvency Resolution Process (CIRP) application against Ankit Metal & Power Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). During the hearing on February 12, 2019, both parties informed the NCLT Kolkata Bench that they had reached a settlement outside of the Tribunal. As a result, the Operational Creditor, G.M. Corporation, requested permission to withdraw the CIRP application. The Tribunal granted this request, and the application was disposed of as withdrawn. Rohit Sharma, representing the Operational Creditor, and Anunoy Baru and Srinjoy Berattacharya, representing the Corporate Debtor, were present at the hearing.