The key facts are as follows: A hearing was held before the New Delhi Bench of the National Company Law Tribunal on September 23, 2019, regarding M/s. Prayag Polytech Pvt. Ltd. V/s. Grow Max India Pvt. Ltd. A compromise was reached between the parties, where the Corporate Debtor, Grow Max India Pvt. Ltd., is required to tender a Demand Draft of Rs. 14,11,000/- for full and final settlement of the claim. The petitioner's counsel has requested to withdraw the petition, with the liberty to restore it if the Corporate Debtor defaults on the agreed terms. The court disposed of the matter accordingly. The relevant section of the Companies Act is Section 9 of the IBC, 2016.

The key facts are as follows: A hearing was held before the New Delhi Bench of the National Company Law Tribunal on September 23, 2019, regarding M/s. Prayag Polytech Pvt. Ltd. V/s. Grow Max India Pvt. Ltd. A compromise was reached between the parties, where the Corporate Debtor, Grow Max India Pvt. Ltd., is required to tender a Demand Draft of Rs. 14,11,000/- for full and final settlement of the claim. The petitioner's counsel has requested to withdraw the petition, with the liberty to restore it if the Corporate Debtor defaults on the agreed terms. The court disposed of the matter accordingly. The relevant section of the Companies Act is Section 9 of the IBC, 2016.