Trans Asian Shipping Pvt. Ltd. initiated insolvency proceedings against Logan Minerals Pvt. Ltd. The Corporate Debtor, Logan Minerals Pvt. Ltd., was admitted into CIRP via an order dated July 25, 2019. The CIRP was ongoing, and the Expression of Interest (Eol) had been published. However, the Resolution Professional (RP) did not attend the proceeding, and the Committee of Creditors (CoC) was yet to be formed. The parties involved have now settled the dispute amicably. This settlement is the key fact that led to the court allowing the withdrawal of the matter.

Trans Asian Shipping Pvt. Ltd. initiated insolvency proceedings against Logan Minerals Pvt. Ltd. The Corporate Debtor, Logan Minerals Pvt. Ltd., was admitted into CIRP via an order dated July 25, 2019. The CIRP was ongoing, and the Expression of Interest (Eol) had been published. However, the Resolution Professional (RP) did not attend the proceeding, and the Committee of Creditors (CoC) was yet to be formed. The parties involved have now settled the dispute amicably. This settlement is the key fact that led to the court allowing the withdrawal of the matter.