M/s Govind Shuttering Store filed a petition against M/s Kalka Home Developers Pvt. Ltd. under the IBC. An application was filed to withdraw the petition because the parties had settled the matter, evidenced by a Memorandum of Understanding (MOU). The Resolution Professional (RP) had published a notice with a claim deadline of March 15, 2020, but no claims were received. The Committee of Creditors (COC) was not constituted. The court had previously issued an order dated February 14, 2020, declaring a moratorium. The expenses incurred by the IRP were already paid.

M/s Govind Shuttering Store filed a petition against M/s Kalka Home Developers Pvt. Ltd. under the IBC. An application was filed to withdraw the petition because the parties had settled the matter, evidenced by a Memorandum of Understanding (MOU). The Resolution Professional (RP) had published a notice with a claim deadline of March 15, 2020, but no claims were received. The Committee of Creditors (COC) was not constituted. The court had previously issued an order dated February 14, 2020, declaring a moratorium. The expenses incurred by the IRP were already paid.