M/s. Unity Aurum Construction Pvt. Ltd. initiated proceedings against M/s. Earthcon Universal Infratech Pvt. Ltd. under Section 9 of the IBC code 2016, acting as the operational creditor. During the proceedings, both parties presented a Memorandum of Understanding (MoU) dated 2019-12-17, outlining the terms and conditions of a settlement. The existence of the MoU is a key fact, as it directly influenced the court's decision to dispose of the petition. The court's order explicitly states that the MoU forms part of the order, further emphasizing its importance. The liberty granted to the operational creditor to revive the petition in case of breach is also a crucial fact, indicating a conditional disposal rather than a complete resolution.

M/s. Unity Aurum Construction Pvt. Ltd. initiated proceedings against M/s. Earthcon Universal Infratech Pvt. Ltd. under Section 9 of the IBC code 2016, acting as the operational creditor. During the proceedings, both parties presented a Memorandum of Understanding (MoU) dated 2019-12-17, outlining the terms and conditions of a settlement. The existence of the MoU is a key fact, as it directly influenced the court's decision to dispose of the petition. The court's order explicitly states that the MoU forms part of the order, further emphasizing its importance. The liberty granted to the operational creditor to revive the petition in case of breach is also a crucial fact, indicating a conditional disposal rather than a complete resolution.