An insolvency petition was filed against Calcom Cement India Ltd., leading to an admission order on 2020-01-29, and the appointment of Dilip Kumar Niranjan as the Interim Resolution Professional (IRP). Subsequently, the IRP filed I.A.14/2020 seeking withdrawal of the admission order. This request was prompted by an amicable settlement reached between the parties after the admission order. The Resolution Professional (RP) submitted that an application dated 2020-02-05 was received under Form FA Regulation 30A of the CIRP Regulations, informing the settlement. The Tribunal considered these facts and circumstances before deciding to withdraw the admission order. The key fact is the settlement between the parties, which led to the withdrawal application and the subsequent

An insolvency petition was filed against Calcom Cement India Ltd., leading to an admission order on 2020-01-29, and the appointment of Dilip Kumar Niranjan as the Interim Resolution Professional (IRP). Subsequently, the IRP filed I.A.14/2020 seeking withdrawal of the admission order. This request was prompted by an amicable settlement reached between the parties after the admission order. The Resolution Professional (RP) submitted that an application dated 2020-02-05 was received under Form FA Regulation 30A of the CIRP Regulations, informing the settlement. The Tribunal considered these facts and circumstances before deciding to withdraw the admission order. The key fact is the settlement between the parties, which led to the withdrawal application and the subsequent