Krystal Integrated Services Pvt. Ltd., the operational creditor, initiated proceedings against Armstrong Energy Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a default in payment of an operational debt amounting to Rs. 13,65,309. The petition was filed before the National Company Law Tribunal, Mumbai Bench. During the pendency of the application, the parties reached an amicable resolution and decided not to pursue the matter further. Consequently, the petitioner sought withdrawal of the petition.

Krystal Integrated Services Pvt. Ltd., the operational creditor, initiated proceedings against Armstrong Energy Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a default in payment of an operational debt amounting to Rs. 13,65,309. The petition was filed before the National Company Law Tribunal, Mumbai Bench. During the pendency of the application, the parties reached an amicable resolution and decided not to pursue the matter further. Consequently, the petitioner sought withdrawal of the petition.