Buplex Vyapar Pvt. Ltd. filed a case against Howrah Mills Company Ltd. under Section 7 of the IBC. A shareholder of Howrah Mills Company Ltd. filed CA(IB) No. 1680/KB/2019 under Rule 11 of the NCLT Rules, seeking to record the settlement of the debt and closure of the proceedings. The Interim Resolution Professional (IRP) confirmed that the entire claim had been satisfactorily settled, and no publication was issued due to the settlement. The Corporate Debtor's counsel agreed to pay Rs. 50,000/-. The relevance of these facts is that they demonstrate the settlement of the debt between the parties, leading to the closure of the insolvency proceedings.

Buplex Vyapar Pvt. Ltd. filed a case against Howrah Mills Company Ltd. under Section 7 of the IBC. A shareholder of Howrah Mills Company Ltd. filed CA(IB) No. 1680/KB/2019 under Rule 11 of the NCLT Rules, seeking to record the settlement of the debt and closure of the proceedings. The Interim Resolution Professional (IRP) confirmed that the entire claim had been satisfactorily settled, and no publication was issued due to the settlement. The Corporate Debtor's counsel agreed to pay Rs. 50,000/-. The relevance of these facts is that they demonstrate the settlement of the debt between the parties, leading to the closure of the insolvency proceedings.