The matter, CP (IB) No. 71/ALD/2021, was listed before the National Company Law Tribunal, Allahabad Bench, Prayagraj, on June 1, 2022. The application was filed under section 95 of the Insolvency and Bankruptcy Code (IBC).

During the hearing, the counsel for the petitioner, Sh. Sandeep Arora, informed the Tribunal that the parties involved in the case had successfully reached a settlement outside the court. This submission was duly recorded by the Tribunal.

Following the confirmation of the out-of-court settlement, the Tribunal decided to dismiss the application as withdrawn. The order also directed that the file be consigned to the records.

The matter, CP (IB) No. 71/ALD/2021, was listed before the National Company Law Tribunal, Allahabad Bench, Prayagraj, on June 1, 2022. The application was filed under section 95 of the Insolvency and Bankruptcy Code (IBC).

During the hearing, the counsel for the petitioner, Sh. Sandeep Arora, informed the Tribunal that the parties involved in the case had successfully reached a settlement outside the court. This submission was duly recorded by the Tribunal.

Following the confirmation of the out-of-court settlement, the Tribunal decided to dismiss the application as withdrawn. The order also directed that the file be consigned to the records.