The petitioner, Mr. Gulshan Kumar Raman Kumar, filed a petition against the respondent, M/s. Gromet India Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code, 2016. This section pertains to the initiation of the corporate insolvency resolution process by an operational creditor. The case was heard virtually by the National Company Law Tribunal, New Delhi, Court-VI, on December 3, 2021. During the proceedings, both the petitioner's and respondent's counsels informed the Tribunal that the matter had been settled between their respective parties. Despite the settlement, an application for restoration of the original petition and an application for initiation of contempt proceedings had been filed. However, in light of the settlement, the learned counsel for

The petitioner, Mr. Gulshan Kumar Raman Kumar, filed a petition against the respondent, M/s. Gromet India Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code, 2016. This section pertains to the initiation of the corporate insolvency resolution process by an operational creditor. The case was heard virtually by the National Company Law Tribunal, New Delhi, Court-VI, on December 3, 2021. During the proceedings, both the petitioner's and respondent's counsels informed the Tribunal that the matter had been settled between their respective parties. Despite the settlement, an application for restoration of the original petition and an application for initiation of contempt proceedings had been filed. However, in light of the settlement, the learned counsel for