The case involves CP (IB) No. 163/9/HDB/2020. Jairam Foundry Pvt Ltd is the company involved, with S A Packaging as the petitioner and Jairam Foundry Pvt Ltd as the respondent. The application was filed under Section 9 of the IBC. Both the Learned Counsel for the Operational Creditor and the Learned Counsel for the Corporate Debtor appeared and submitted that the matter had been settled. A joint memo was filed and taken on record. The Learned Counsel for the Operational Creditor sought permission to withdraw the petition, which was granted by the court. Consequently, the matter was withdrawn and disposed of.

The case involves CP (IB) No. 163/9/HDB/2020. Jairam Foundry Pvt Ltd is the company involved, with S A Packaging as the petitioner and Jairam Foundry Pvt Ltd as the respondent. The application was filed under Section 9 of the IBC. Both the Learned Counsel for the Operational Creditor and the Learned Counsel for the Corporate Debtor appeared and submitted that the matter had been settled. A joint memo was filed and taken on record. The Learned Counsel for the Operational Creditor sought permission to withdraw the petition, which was granted by the court. Consequently, the matter was withdrawn and disposed of.