Ashish Interbuild Pvt Ltd filed a petition against GBJ Hotels Pvt Ltd under Section 9 of the IBC. The petitioner's advocate, Arushi N. Hegde, stated that the matter had been settled between the parties and sought to withdraw the petition. A memo enclosing a Deed of Settlement, dated 2020-03-12, was filed by the petitioner's counsel. The court considered the memo and the representations of the counsels for the petitioner and the corporate debtor.

Ashish Interbuild Pvt Ltd filed a petition against GBJ Hotels Pvt Ltd under Section 9 of the IBC. The petitioner's advocate, Arushi N. Hegde, stated that the matter had been settled between the parties and sought to withdraw the petition. A memo enclosing a Deed of Settlement, dated 2020-03-12, was filed by the petitioner's counsel. The court considered the memo and the representations of the counsels for the petitioner and the corporate debtor.