Alyanaa Ventures (P) Ltd filed a petition against Inox FMCG (P) Ltd under Section 9 of the IBC, 2016. After the initiation of the Corporate Insolvency Resolution Process (CIRP), the parties reached a settlement and sought to withdraw the petition. The IRP appointed by the Tribunal represented that paper publication had been made, but no claims were received, and the COC had not been constituted. The Tribunal considered the settlement, the IRP's representation, and the Supreme Court's judgment in M/s. Swiss Ribbon (P) Limited vs. Union of India & Ors. The Corporate Debtor undertook to pay the IRP's fees and expenses.

Alyanaa Ventures (P) Ltd filed a petition against Inox FMCG (P) Ltd under Section 9 of the IBC, 2016. After the initiation of the Corporate Insolvency Resolution Process (CIRP), the parties reached a settlement and sought to withdraw the petition. The IRP appointed by the Tribunal represented that paper publication had been made, but no claims were received, and the COC had not been constituted. The Tribunal considered the settlement, the IRP's representation, and the Supreme Court's judgment in M/s. Swiss Ribbon (P) Limited vs. Union of India & Ors. The Corporate Debtor undertook to pay the IRP's fees and expenses.