An application, CP No.(IB)151/ALD/2019, was initially filed under Section 9 of the IBC. This application was disposed of by the Adjudicating Authority on 17.12.2019 because the corporate debtor had already been admitted into CIRP. Subsequently, the parties reached a settlement, leading to the filing of an application under Section 12A of the IBC, 2016. This application was allowed on 27.01.2020. IA No.101/2021 was then filed to recall the initial order disposing of CP No.(IB)151/ALD/2019. The key fact is the settlement between the parties after the initial disposal, which prompted the filing and allowance of the Section 12A application and the subsequent request to restore the original application.

An application, CP No.(IB)151/ALD/2019, was initially filed under Section 9 of the IBC. This application was disposed of by the Adjudicating Authority on 17.12.2019 because the corporate debtor had already been admitted into CIRP. Subsequently, the parties reached a settlement, leading to the filing of an application under Section 12A of the IBC, 2016. This application was allowed on 27.01.2020. IA No.101/2021 was then filed to recall the initial order disposing of CP No.(IB)151/ALD/2019. The key fact is the settlement between the parties after the initial disposal, which prompted the filing and allowance of the Section 12A application and the subsequent request to restore the original application.