The key facts are as follows: An IB Petition (TP 198 of 2019 [CP(IB) 370 of 2019]) was filed before the NCLT, Indore Bench at Ahmedabad. The operational creditor, whose name is not explicitly mentioned, decided not to proceed with the petition because the matter was settled out of court. The operational creditor received Rs. 11,67,900 towards settlement. The case involves Noble Printing Press V/s Biotech Lifespan Pvt Ltd. The petition was filed under Section 9 of the Insolvency & Bankruptcy Code. The operational creditor submitted a memo for withdrawal of the IB Petition.

The key facts are as follows: An IB Petition (TP 198 of 2019 [CP(IB) 370 of 2019]) was filed before the NCLT, Indore Bench at Ahmedabad. The operational creditor, whose name is not explicitly mentioned, decided not to proceed with the petition because the matter was settled out of court. The operational creditor received Rs. 11,67,900 towards settlement. The case involves Noble Printing Press V/s Biotech Lifespan Pvt Ltd. The petition was filed under Section 9 of the Insolvency & Bankruptcy Code. The operational creditor submitted a memo for withdrawal of the IB Petition.