Shell India Markets Pvt. Ltd., the operational creditor, filed a petition against Inox Wind Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Inox Wind Limited due to an alleged default in payment.

During the course of the proceedings, the parties engaged in discussions and reached a settlement. The learned counsel for the petitioner informed the National Company Law Tribunal (NCLT) that the settlement amount, totaling ₹1,35,69,905, had been received by the petitioner via a Demand Draft. This payment resolved the dispute that led to the filing of the petition.

Shell India Markets Pvt. Ltd., the operational creditor, filed a petition against Inox Wind Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Inox Wind Limited due to an alleged default in payment.

During the course of the proceedings, the parties engaged in discussions and reached a settlement. The learned counsel for the petitioner informed the National Company Law Tribunal (NCLT) that the settlement amount, totaling ₹1,35,69,905, had been received by the petitioner via a Demand Draft. This payment resolved the dispute that led to the filing of the petition.