The key facts are that KEC International Ltd, the operational creditor, filed a petition (IBA/120/2019) against Regen Power Tech Pvt Ltd. The matter was listed before the Chennai bench of the National Company Law Tribunal (NCLT) on June 26, 2019. During the hearing, the counsel for the operational creditor submitted a memo stating that the matter had been settled out of court. Based on this, the operational creditor sought permission to withdraw the petition. The court granted the permission, and the petition was dismissed as withdrawn. The settlement out of court is the primary reason for the dismissal.

The key facts are that KEC International Ltd, the operational creditor, filed a petition (IBA/120/2019) against Regen Power Tech Pvt Ltd. The matter was listed before the Chennai bench of the National Company Law Tribunal (NCLT) on June 26, 2019. During the hearing, the counsel for the operational creditor submitted a memo stating that the matter had been settled out of court. Based on this, the operational creditor sought permission to withdraw the petition. The court granted the permission, and the petition was dismissed as withdrawn. The settlement out of court is the primary reason for the dismissal.