An application was filed under Section 12A of the Code for withdrawal of the Company Petition admitted against the Corporate Debtor. The matter has been amicably settled between the parties, and they have entered into consent terms during November 2020. The consent terms are enclosed with the Application, and Para 4 of the Consent terms provides the terms of payment and the post-dated cheques have also been issued. The Corporate Debtor has also filed Form FA, expressing willingness to withdraw these proceedings. The Applicant was the creditor who had filed the claim during CIRP, and the Petitioner is the only member of the Committee of Creditors (CoC).

An application was filed under Section 12A of the Code for withdrawal of the Company Petition admitted against the Corporate Debtor. The matter has been amicably settled between the parties, and they have entered into consent terms during November 2020. The consent terms are enclosed with the Application, and Para 4 of the Consent terms provides the terms of payment and the post-dated cheques have also been issued. The Corporate Debtor has also filed Form FA, expressing willingness to withdraw these proceedings. The Applicant was the creditor who had filed the claim during CIRP, and the Petitioner is the only member of the Committee of Creditors (CoC).