Home Credit India Finance Pvt. Ltd. filed a Corporate Insolvency Resolution Process (CIRP) application against Gionee India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, the advocate for the petitioner, Home Credit India Finance Pvt. Ltd., requested permission from the Tribunal to withdraw the CIRP application. The reason for the withdrawal was that the matter had been settled between the parties. The Tribunal accepted the petitioner's request.

Home Credit India Finance Pvt. Ltd. filed a Corporate Insolvency Resolution Process (CIRP) application against Gionee India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, the advocate for the petitioner, Home Credit India Finance Pvt. Ltd., requested permission from the Tribunal to withdraw the CIRP application. The reason for the withdrawal was that the matter had been settled between the parties. The Tribunal accepted the petitioner's request.