Real Soya Enterprises initiated proceedings against Sakar Popultry Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties presented to the NCLT, Mumbai Bench, and submitted that the matter had been amicably settled. The Committee of Creditors (COC) approved the withdrawal of the petition. Consequently, the application filed under Section 12(A) of the IBC was allowed, and the Corporate Insolvency Resolution Process (CIRP) was disposed of. The Resolution Professional (RP) was discharged from their duties. This indicates that the parties reached a settlement, leading to the termination of the insolvency proceedings.

Real Soya Enterprises initiated proceedings against Sakar Popultry Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties presented to the NCLT, Mumbai Bench, and submitted that the matter had been amicably settled. The Committee of Creditors (COC) approved the withdrawal of the petition. Consequently, the application filed under Section 12(A) of the IBC was allowed, and the Corporate Insolvency Resolution Process (CIRP) was disposed of. The Resolution Professional (RP) was discharged from their duties. This indicates that the parties reached a settlement, leading to the termination of the insolvency proceedings.