Shakti Containers Pvt Ltd filed a petition (IBA/1352/2019) against Bnazrum Agro Exports Pvt Ltd. Both parties, represented by their respective counsels, reached a settlement and filed a joint memorandum of compromise before the National Company Law Tribunal (NCLT) on 2020-03-12. The settlement involved terms of compromise and consent, leading the parties to seek withdrawal of the petition. The petitioner's counsel stated that if the corporate debtor fails to adhere to the terms of the joint memo of compromise, the petitioner should be allowed to approach the tribunal again. The tribunal considered the settlement and the representation made by the petitioner's counsel.

Shakti Containers Pvt Ltd filed a petition (IBA/1352/2019) against Bnazrum Agro Exports Pvt Ltd. Both parties, represented by their respective counsels, reached a settlement and filed a joint memorandum of compromise before the National Company Law Tribunal (NCLT) on 2020-03-12. The settlement involved terms of compromise and consent, leading the parties to seek withdrawal of the petition. The petitioner's counsel stated that if the corporate debtor fails to adhere to the terms of the joint memo of compromise, the petitioner should be allowed to approach the tribunal again. The tribunal considered the settlement and the representation made by the petitioner's counsel.