The case involves a transfer petition with CP(IB) No.62/9/HDB/2020. MPR Refractories Ltd is both the company and the respondent, while Orient Abrasives Ltd is the petitioner. The case is filed under Section 9 of the IBC (Insolvency and Bankruptcy Code). During the hearing, no one appeared for the Operational Creditor, but the Learned Counsel for the Corporate Debtor appeared via video conference and submitted that the matter is settled. The court recorded this statement and disposed of the proceedings, granting the Operational Creditor the liberty to file a fresh petition if the settlement terms are defaulted upon. The key fact is the settlement submission by the Corporate Debtor's counsel, leading to the disposal of the case with a conditional liberty for the

The case involves a transfer petition with CP(IB) No.62/9/HDB/2020. MPR Refractories Ltd is both the company and the respondent, while Orient Abrasives Ltd is the petitioner. The case is filed under Section 9 of the IBC (Insolvency and Bankruptcy Code). During the hearing, no one appeared for the Operational Creditor, but the Learned Counsel for the Corporate Debtor appeared via video conference and submitted that the matter is settled. The court recorded this statement and disposed of the proceedings, granting the Operational Creditor the liberty to file a fresh petition if the settlement terms are defaulted upon. The key fact is the settlement submission by the Corporate Debtor's counsel, leading to the disposal of the case with a conditional liberty for the