M/s. Aanvi Enterprises initiated proceedings against M/s. Effimac Equipments Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016, for an unspecified amount. The core fact is that M/s. Effimac Equipments Pvt. Ltd. made a payment of Rs. 4,70,000.00 to M/s. Aanvi Enterprises via a demand draft dated 2019-05-23. This payment was deemed sufficient by Mr. Surender Gupta, the counsel for the petitioner, M/s. Aanvi Enterprises, to satisfy the claim made in the original petition. As a result, Mr. Gupta stated that nothing remained for adjudication. The payment and subsequent statement by the petitioner's counsel are the key facts that led to the dismissal of the case.

M/s. Aanvi Enterprises initiated proceedings against M/s. Effimac Equipments Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016, for an unspecified amount. The core fact is that M/s. Effimac Equipments Pvt. Ltd. made a payment of Rs. 4,70,000.00 to M/s. Aanvi Enterprises via a demand draft dated 2019-05-23. This payment was deemed sufficient by Mr. Surender Gupta, the counsel for the petitioner, M/s. Aanvi Enterprises, to satisfy the claim made in the original petition. As a result, Mr. Gupta stated that nothing remained for adjudication. The payment and subsequent statement by the petitioner's counsel are the key facts that led to the dismissal of the case.