T.V. Today Network Ltd, the Applicant, filed a petition against Digvive Services Pvt Ltd, the Respondent, under Section 9 of the IBC Code. During the proceedings, a compromise was reached between the parties. As part of the compromise, the Corporate Debtor (presumably Digvive Services Pvt Ltd) tendered a Demand Draft of Rs. 6,00,000/- and five post-dated cheques to the Operational Creditor's counsel. The Operational Creditor accepted these as full and final settlement, subject to the clearance of the post-dated cheques. The Applicant then sought to withdraw the petition based on this settlement. The court dismissed the petition as withdrawn, but granted liberty to the Applicant to seek restoration if any of the post-dated cheques are dishonored. The key fact is the

T.V. Today Network Ltd, the Applicant, filed a petition against Digvive Services Pvt Ltd, the Respondent, under Section 9 of the IBC Code. During the proceedings, a compromise was reached between the parties. As part of the compromise, the Corporate Debtor (presumably Digvive Services Pvt Ltd) tendered a Demand Draft of Rs. 6,00,000/- and five post-dated cheques to the Operational Creditor's counsel. The Operational Creditor accepted these as full and final settlement, subject to the clearance of the post-dated cheques. The Applicant then sought to withdraw the petition based on this settlement. The court dismissed the petition as withdrawn, but granted liberty to the Applicant to seek restoration if any of the post-dated cheques are dishonored. The key fact is the