Dr. Reddy's Laboratories Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Inter Labs (India) Private Limited, the Corporate Debtor, by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 25.02.2020. Subsequently, both parties entered into a settlement agreement dated 10.07.2020 to settle the outstanding dues. The Interim Resolution Professional (IRP) was appointed. The Committee of Creditors (CoC) was not yet constituted. In its 2nd meeting held on 10.07.2020, the CoC resolved with 100% voting to withdraw the case filed under Section 9 of IBC. The Operational Creditor settled the IRP fee amounting to Rs. 2,34,667/- including taxes and an amount of Rs.

Dr. Reddy's Laboratories Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Inter Labs (India) Private Limited, the Corporate Debtor, by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 25.02.2020. Subsequently, both parties entered into a settlement agreement dated 10.07.2020 to settle the outstanding dues. The Interim Resolution Professional (IRP) was appointed. The Committee of Creditors (CoC) was not yet constituted. In its 2nd meeting held on 10.07.2020, the CoC resolved with 100% voting to withdraw the case filed under Section 9 of IBC. The Operational Creditor settled the IRP fee amounting to Rs. 2,34,667/- including taxes and an amount of Rs.