The case is related to an insolvency application (IBA/79/2019). Initially, the Corporate Debtor was proceeded against ex-parte. The Corporate Debtor's representative requested the court to set aside the ex-parte order. The court allowed this request. The Corporate Debtor then presented a cheque for Rs. 17,85,828/- as full and final settlement of the claim made by the Operational Creditor. The cheque was drawn on Federal Bank. The court disposed of the petition but granted the Operational Creditor the liberty to revive the petition if the cheque is dishonored. The order was passed on 28.05.2019.

The case is related to an insolvency application (IBA/79/2019). Initially, the Corporate Debtor was proceeded against ex-parte. The Corporate Debtor's representative requested the court to set aside the ex-parte order. The court allowed this request. The Corporate Debtor then presented a cheque for Rs. 17,85,828/- as full and final settlement of the claim made by the Operational Creditor. The cheque was drawn on Federal Bank. The court disposed of the petition but granted the Operational Creditor the liberty to revive the petition if the cheque is dishonored. The order was passed on 28.05.2019.