The Petitioner/Financial Creditor filed a petition, which was later sought to be withdrawn. The Petitioner's counsel represented that a memo seeking withdrawal had been filed, dated 2021-01-28. The court noted that no one appeared for the Corporate Debtor. The Petitioner requested that the petition be dismissed as withdrawn. The court granted liberty to initiate fresh proceedings against the Corporate Debtor if it fails to honor its commitments under the settlement. The court then dismissed the petition as withdrawn.

The Petitioner/Financial Creditor filed a petition, which was later sought to be withdrawn. The Petitioner's counsel represented that a memo seeking withdrawal had been filed, dated 2021-01-28. The court noted that no one appeared for the Corporate Debtor. The Petitioner requested that the petition be dismissed as withdrawn. The court granted liberty to initiate fresh proceedings against the Corporate Debtor if it fails to honor its commitments under the settlement. The court then dismissed the petition as withdrawn.