M/s Intec Capital Ltd. initiated CIRP against M/s India Offset Printers Pvt Ltd. under Section 7 of the IBC. An application was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, for withdrawal of the CIRP. A settlement agreement was reached between the Financial Creditor and the Corporate Debtor. The Financial Creditor received full and final settlement of its claim, except for Rs. 1.65 crores to be paid by June 10, 2022. The IRP also received full and final settlement of dues. The COC was not constituted as no claims were received. The Financial Creditor did not reserve the right to return to the tribunal if the debtor defaulted on the remaining payment.

M/s Intec Capital Ltd. initiated CIRP against M/s India Offset Printers Pvt Ltd. under Section 7 of the IBC. An application was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, for withdrawal of the CIRP. A settlement agreement was reached between the Financial Creditor and the Corporate Debtor. The Financial Creditor received full and final settlement of its claim, except for Rs. 1.65 crores to be paid by June 10, 2022. The IRP also received full and final settlement of dues. The COC was not constituted as no claims were received. The Financial Creditor did not reserve the right to return to the tribunal if the debtor defaulted on the remaining payment.