Thriveni Earthmovers Pvt. Ltd. (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Krishna Enterprises (Housing & Infrastructures) Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, due to a default of Rs. 25,00,228. The case was listed for hearing on multiple dates and adjourned. Subsequently, both parties engaged in discussions and entered into a registered Memorandum of Understanding (MOU) regarding the payment of dues. The Respondent agreed to pay Rs. 24,54,980 in full and final settlement, according to the MOU dated 08.09.2020. The Respondent agreed to pay the amount of Rs. 24,54,980 in installments via cheques with specific dates. The parties filed a joint memo for withdrawal of the petition, which the

Thriveni Earthmovers Pvt. Ltd. (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Krishna Enterprises (Housing & Infrastructures) Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, due to a default of Rs. 25,00,228. The case was listed for hearing on multiple dates and adjourned. Subsequently, both parties engaged in discussions and entered into a registered Memorandum of Understanding (MOU) regarding the payment of dues. The Respondent agreed to pay Rs. 24,54,980 in full and final settlement, according to the MOU dated 08.09.2020. The Respondent agreed to pay the amount of Rs. 24,54,980 in installments via cheques with specific dates. The parties filed a joint memo for withdrawal of the petition, which the