M/s. Airpro Engineers Pvt Ltd. (Operational Creditor) filed C.P.(IB) No.12/BB/2020 under Section 9 of the IBC, 2016, against M/s. Psychrometric Solutions & Systems Pvt Ltd (Corporate Debtor) for defaulting on a total amount of Rs. 10,84,514. The case was listed for admission on multiple dates and adjourned to facilitate settlement discussions. A Joint Memorandum of Compromise was executed by both parties on 05.03.2020, outlining a payment schedule for the settlement amount. The schedule included payments of Rs. 6,15,163.00 due on 15th March 2020 and Rs. 6,15,162.00 due on 10th April 2020, totaling Rs. 12,30,325.00. The Respondent Company committed to strictly adhere to the payment schedule. The Petitioner sought to withdraw the petition based on this compromise.

M/s. Airpro Engineers Pvt Ltd. (Operational Creditor) filed C.P.(IB) No.12/BB/2020 under Section 9 of the IBC, 2016, against M/s. Psychrometric Solutions & Systems Pvt Ltd (Corporate Debtor) for defaulting on a total amount of Rs. 10,84,514. The case was listed for admission on multiple dates and adjourned to facilitate settlement discussions. A Joint Memorandum of Compromise was executed by both parties on 05.03.2020, outlining a payment schedule for the settlement amount. The schedule included payments of Rs. 6,15,163.00 due on 15th March 2020 and Rs. 6,15,162.00 due on 10th April 2020, totaling Rs. 12,30,325.00. The Respondent Company committed to strictly adhere to the payment schedule. The Petitioner sought to withdraw the petition based on this compromise.