STUP Consultants Pvt. Ltd. initiated proceedings against Arshiya Limited. A hearing was held on September 4, 2017, before the Mumbai Bench of the National Company Law Tribunal (NCLT). During the hearing, the counsel for the petitioner (STUP Consultants) and the corporate debtor (Arshiya Limited) were present. The petitioner's counsel informed the bench that a memo for withdrawal of the case had been filed with the registry, and proof of filing was presented. The basis for the withdrawal was a settlement reached between the parties. The key fact is the settlement between the parties, which led to the petitioner seeking to withdraw the case.

STUP Consultants Pvt. Ltd. initiated proceedings against Arshiya Limited. A hearing was held on September 4, 2017, before the Mumbai Bench of the National Company Law Tribunal (NCLT). During the hearing, the counsel for the petitioner (STUP Consultants) and the corporate debtor (Arshiya Limited) were present. The petitioner's counsel informed the bench that a memo for withdrawal of the case had been filed with the registry, and proof of filing was presented. The basis for the withdrawal was a settlement reached between the parties. The key fact is the settlement between the parties, which led to the petitioner seeking to withdraw the case.