Platinum Communications Private Limited (Operational Creditor) initiated proceedings against Era Realtors Private Limited (Corporate Debtor) under Section 9 of the IBC 2016. The basis for the petition was an operational debt. On 2021-03-17, the Operational Creditor received Rs. 37,22,716/- from the Corporate Debtor, which included Rs 1,05,471 as TDS, representing the principal amount towards the operational debt. Subsequently, the Operational Creditor filed a memo of withdrawal dated 2021-04-12, seeking to withdraw the petition due to the payment received. The counsel for the petitioner, Ms. Ankita Aparna, was present and submitted the withdrawal request. The NCLT then dismissed the petition as withdrawn.

Platinum Communications Private Limited (Operational Creditor) initiated proceedings against Era Realtors Private Limited (Corporate Debtor) under Section 9 of the IBC 2016. The basis for the petition was an operational debt. On 2021-03-17, the Operational Creditor received Rs. 37,22,716/- from the Corporate Debtor, which included Rs 1,05,471 as TDS, representing the principal amount towards the operational debt. Subsequently, the Operational Creditor filed a memo of withdrawal dated 2021-04-12, seeking to withdraw the petition due to the payment received. The counsel for the petitioner, Ms. Ankita Aparna, was present and submitted the withdrawal request. The NCLT then dismissed the petition as withdrawn.