The Interim Resolution Professional (IRP) sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) for M/S Dynamic Engineering Ltd. The matter was settled between the Operational Creditor (OC) and the Corporate Debtor (CD), and the Committee of Creditors (CoC) was not constituted. The CD reported paying Rs 30.00 lacs to the OC and Rs 2.00 lacs to the IRP for full and final settlement. The suspended partners of the CD had filed an appeal before the NCLAT against the admission of the application under Section 9. The IRP/Counsel of CD promised to file an affidavit for withdrawal of the appeal filed before the NCLAT within three days. The Counsel of the OC confirmed the settlement during the proceedings.

The Interim Resolution Professional (IRP) sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) for M/S Dynamic Engineering Ltd. The matter was settled between the Operational Creditor (OC) and the Corporate Debtor (CD), and the Committee of Creditors (CoC) was not constituted. The CD reported paying Rs 30.00 lacs to the OC and Rs 2.00 lacs to the IRP for full and final settlement. The suspended partners of the CD had filed an appeal before the NCLAT against the admission of the application under Section 9. The IRP/Counsel of CD promised to file an affidavit for withdrawal of the appeal filed before the NCLAT within three days. The Counsel of the OC confirmed the settlement during the proceedings.