The Operational Creditor filed a petition under Section 9 of the Bankruptcy and Insolvency Act, 2016. Subsequently, the Operational Creditor sought to withdraw the petition by filing a withdrawal memo along with consent terms, suggesting a settlement or agreement between the parties. The court considered the request and allowed the withdrawal, dismissing the petition but granting the Operational Creditor the liberty to file a fresh petition if the consent terms are breached. This implies that the initial dispute might have been resolved amicably, subject to compliance with the agreed-upon terms.

The Operational Creditor filed a petition under Section 9 of the Bankruptcy and Insolvency Act, 2016. Subsequently, the Operational Creditor sought to withdraw the petition by filing a withdrawal memo along with consent terms, suggesting a settlement or agreement between the parties. The court considered the request and allowed the withdrawal, dismissing the petition but granting the Operational Creditor the liberty to file a fresh petition if the consent terms are breached. This implies that the initial dispute might have been resolved amicably, subject to compliance with the agreed-upon terms.