M/s. Prefer Commercial Pvt. Ltd., the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the corporate insolvency resolution process against M/s. Krishna Realtech Pvt. Ltd., the corporate debtor. The financial creditor subsequently applied to withdraw the petition. The counsels for both parties were present during the hearing. The court considered the application for withdrawal. The petition was initially filed as CP No. IB-162/ND/2021. IA No. 3721 of 2021 was filed in connection with the withdrawal. IA No. 1350 of 2021 was also related to the case.

M/s. Prefer Commercial Pvt. Ltd., the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the corporate insolvency resolution process against M/s. Krishna Realtech Pvt. Ltd., the corporate debtor. The financial creditor subsequently applied to withdraw the petition. The counsels for both parties were present during the hearing. The court considered the application for withdrawal. The petition was initially filed as CP No. IB-162/ND/2021. IA No. 3721 of 2021 was filed in connection with the withdrawal. IA No. 1350 of 2021 was also related to the case.