The Operational Creditor filed CP (IB) No. 63/CTB/2020 against the Corporate Debtor. A settlement agreement dated 15.01.2021 was reached between the parties, where the Corporate Debtor agreed to pay outstanding dues in monthly installments, with the final installment due by 28.10.2021. The Operational Creditor's counsel submitted the settlement agreement to the court. The court took the settlement agreement on record. The relevance of the settlement agreement is that it forms the basis for the dismissal of the petition, contingent on the Corporate Debtor fulfilling its payment obligations.

The Operational Creditor filed CP (IB) No. 63/CTB/2020 against the Corporate Debtor. A settlement agreement dated 15.01.2021 was reached between the parties, where the Corporate Debtor agreed to pay outstanding dues in monthly installments, with the final installment due by 28.10.2021. The Operational Creditor's counsel submitted the settlement agreement to the court. The court took the settlement agreement on record. The relevance of the settlement agreement is that it forms the basis for the dismissal of the petition, contingent on the Corporate Debtor fulfilling its payment obligations.