L & T Finance Ltd. initiated proceedings against Delhi Baroda Road Carriers Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The dispute between the parties was subsequently settled amicably. The petitioner, L & T Finance Ltd., then sought to withdraw the petition. The court considered the petitioner's request and dismissed the petition as withdrawn, with the caveat that the petitioner could revive the petition if the settlement terms were not adhered to by the respondent.

L & T Finance Ltd. initiated proceedings against Delhi Baroda Road Carriers Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The dispute between the parties was subsequently settled amicably. The petitioner, L & T Finance Ltd., then sought to withdraw the petition. The court considered the petitioner's request and dismissed the petition as withdrawn, with the caveat that the petitioner could revive the petition if the settlement terms were not adhered to by the respondent.