HGS India Ltd. filed an insolvency petition against Geo Api Solutions Pvt. Ltd. The Resolution Professional submitted two applications, M.A. No. 510/2018 and M.A. No. 520/2018. The Resolution Professional stated that as of June 21, 2018, no claims were received from Financial Creditors to form a Committee of Creditors, and no acceptable claims were received from Operational Creditors. The Corporate Debtor, Geo Api Solutions Pvt. Ltd., expressed willingness to settle the disputed amount with the Operational Creditor. The Corporate Debtor had already paid Rupees Eighty Lakhs, and the parties agreed to settle for Rupees 2.05 Crores. The Resolution Professional's fees and insolvency costs were settled. The court considered the proposal from the Corporate Debtor and the

HGS India Ltd. filed an insolvency petition against Geo Api Solutions Pvt. Ltd. The Resolution Professional submitted two applications, M.A. No. 510/2018 and M.A. No. 520/2018. The Resolution Professional stated that as of June 21, 2018, no claims were received from Financial Creditors to form a Committee of Creditors, and no acceptable claims were received from Operational Creditors. The Corporate Debtor, Geo Api Solutions Pvt. Ltd., expressed willingness to settle the disputed amount with the Operational Creditor. The Corporate Debtor had already paid Rupees Eighty Lakhs, and the parties agreed to settle for Rupees 2.05 Crores. The Resolution Professional's fees and insolvency costs were settled. The court considered the proposal from the Corporate Debtor and the