Collegedunia Web Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Comare Policy Insurance Web Aggregators Pvt. Ltd. The CIRP was initiated by an order dated 06.09.2021. Subsequently, the parties reached an amicable settlement, executing a settlement agreement dated 16.09.2021. The Interim Resolution Professional (IRP) then filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the CIRP. The application included Form-FA, indicating the consent of the applicant. The IRP also stated that there were no outstanding CIRP costs or fees. The key fact is the amicable settlement between the parties, leading to the IRP's application for withdrawal of the CIRP.

Collegedunia Web Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Comare Policy Insurance Web Aggregators Pvt. Ltd. The CIRP was initiated by an order dated 06.09.2021. Subsequently, the parties reached an amicable settlement, executing a settlement agreement dated 16.09.2021. The Interim Resolution Professional (IRP) then filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the CIRP. The application included Form-FA, indicating the consent of the applicant. The IRP also stated that there were no outstanding CIRP costs or fees. The key fact is the amicable settlement between the parties, leading to the IRP's application for withdrawal of the CIRP.