A settlement deed has been signed between the parties. The implementation of the settlement is expected to occur in the future. Counsel for the corporate debtor confirms that no claim is due and payable as of the date of the settlement deed. The court considers the proceedings to be infructuous due to the settlement. The petitioner is granted liberty to file an appropriate application if a necessity arises. The case is related to Section 7 of the Insolvency & Bankruptcy Code, 2016.

A settlement deed has been signed between the parties. The implementation of the settlement is expected to occur in the future. Counsel for the corporate debtor confirms that no claim is due and payable as of the date of the settlement deed. The court considers the proceedings to be infructuous due to the settlement. The petitioner is granted liberty to file an appropriate application if a necessity arises. The case is related to Section 7 of the Insolvency & Bankruptcy Code, 2016.