CYMK Inks LLP (Operational Creditor) filed a Corporate Insolvency Resolution Process (CIRP) application against Sati Poly Plast Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC). During the hearing on March 27, 2019, the Operational Creditor's counsel informed the Tribunal that the matter had been settled out of court and requested permission to withdraw the CIRP application. The Tribunal granted the permission, leading to the disposal of the CIRP application.

CYMK Inks LLP (Operational Creditor) filed a Corporate Insolvency Resolution Process (CIRP) application against Sati Poly Plast Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC). During the hearing on March 27, 2019, the Operational Creditor's counsel informed the Tribunal that the matter had been settled out of court and requested permission to withdraw the CIRP application. The Tribunal granted the permission, leading to the disposal of the CIRP application.