360 Degree Infrastructure Private Limited, the Applicant/Operational Creditor, initiated proceedings against New Bridge Business Centre Private Limited, the Corporate Debtor. During the pendency of the proceedings, both parties entered into a settlement agreement dated 2018-02-12, where the Respondent agreed to pay the entire principal amount to the Petitioner according to the agreement's terms. The Petitioner also agreed to accept the principal amount as per the agreement. The settlement agreement was submitted as Annexure A. The petition was listed before the Bench for a report of settlement. The counsel for both the Petitioner and Respondent filed a memo indicating their mutual understanding and desire to amicably settle the case. The Operational Creditor requested

360 Degree Infrastructure Private Limited, the Applicant/Operational Creditor, initiated proceedings against New Bridge Business Centre Private Limited, the Corporate Debtor. During the pendency of the proceedings, both parties entered into a settlement agreement dated 2018-02-12, where the Respondent agreed to pay the entire principal amount to the Petitioner according to the agreement's terms. The Petitioner also agreed to accept the principal amount as per the agreement. The settlement agreement was submitted as Annexure A. The petition was listed before the Bench for a report of settlement. The counsel for both the Petitioner and Respondent filed a memo indicating their mutual understanding and desire to amicably settle the case. The Operational Creditor requested