The applicant, Jones Lang LaSalle Property Consultants (India) Pvt Ltd, filed an application (IBA/68/2020) under the IBC. During the proceedings, the applicant's counsel stated that a memo for withdrawal of the application had been filed via email, indicating that the matter had been settled out of court with the respondent, Megasoft Ltd. The court acknowledged the presence of both the applicant's and respondent's counsels. The key fact is the out-of-court settlement, which led to the applicant's request to withdraw the application.

The applicant, Jones Lang LaSalle Property Consultants (India) Pvt Ltd, filed an application (IBA/68/2020) under the IBC. During the proceedings, the applicant's counsel stated that a memo for withdrawal of the application had been filed via email, indicating that the matter had been settled out of court with the respondent, Megasoft Ltd. The court acknowledged the presence of both the applicant's and respondent's counsels. The key fact is the out-of-court settlement, which led to the applicant's request to withdraw the application.