M/s. JotWire India Private Limited, the operational creditor, filed a petition under Section 9 of the IBC, 2016, against M/s. Leeboy India Construction Equipment Private Limited, the corporate debtor, claiming a default of Rs.22,09,621.16. The matter was listed on several dates but remained pending. Subsequently, the parties reached a settlement for Rs.19,89,000, and the corporate debtor issued four cheques to the operational creditor. The operational creditor encashed one cheque for Rs.5,00,000 and the remaining three cheques were post-dated. The operational creditor then sought to withdraw the petition with the liberty to file a fresh petition if the remaining cheques were dishonored. The settlement memo was submitted to the court on 2019-07-31.

M/s. JotWire India Private Limited, the operational creditor, filed a petition under Section 9 of the IBC, 2016, against M/s. Leeboy India Construction Equipment Private Limited, the corporate debtor, claiming a default of Rs.22,09,621.16. The matter was listed on several dates but remained pending. Subsequently, the parties reached a settlement for Rs.19,89,000, and the corporate debtor issued four cheques to the operational creditor. The operational creditor encashed one cheque for Rs.5,00,000 and the remaining three cheques were post-dated. The operational creditor then sought to withdraw the petition with the liberty to file a fresh petition if the remaining cheques were dishonored. The settlement memo was submitted to the court on 2019-07-31.