The key facts are as follows: Hindusthan Engineering & Industries Ltd. and Heavy Engineering Corporation Ltd. are parties in a case before the NCLT Kolkata Bench. The Operational Creditor and the Corporate Debtor jointly submitted that the matter was settled out of the Tribunal. An interim application for recording the settlement was filed, but it was yet to be numbered. The Ld. Counsel for the Operational Creditor sought permission to withdraw the application due to the settlement. The relevance of these facts lies in demonstrating that the parties resolved their dispute outside of court, leading to the withdrawal of the case.

The key facts are as follows: Hindusthan Engineering & Industries Ltd. and Heavy Engineering Corporation Ltd. are parties in a case before the NCLT Kolkata Bench. The Operational Creditor and the Corporate Debtor jointly submitted that the matter was settled out of the Tribunal. An interim application for recording the settlement was filed, but it was yet to be numbered. The Ld. Counsel for the Operational Creditor sought permission to withdraw the application due to the settlement. The relevance of these facts lies in demonstrating that the parties resolved their dispute outside of court, leading to the withdrawal of the case.