The case involves an application under the Insolvency and Bankruptcy Code (IBC). A compromise proposal was reached between the parties, and a partial payment of Rs. 52 lakh was made. However, the applicant (Easyaccess Financial Services Pvt Ltd) appeared uninterested in continuing the case and repeatedly sought adjournments to discuss compromise. The Adjudicating Authority noted that the IBC process was being used for loan recovery. The applicant's counsel had been seeking adjournments since 2019, citing settlement proposals. The matter was adjourned multiple times, including hearings on 06.11.2020, 18.12.2020, and 29.01.2021, with no representation from both parties on some occasions. A compromise memo was filed in the Registry on 19.03.2021.

The case involves an application under the Insolvency and Bankruptcy Code (IBC). A compromise proposal was reached between the parties, and a partial payment of Rs. 52 lakh was made. However, the applicant (Easyaccess Financial Services Pvt Ltd) appeared uninterested in continuing the case and repeatedly sought adjournments to discuss compromise. The Adjudicating Authority noted that the IBC process was being used for loan recovery. The applicant's counsel had been seeking adjournments since 2019, citing settlement proposals. The matter was adjourned multiple times, including hearings on 06.11.2020, 18.12.2020, and 29.01.2021, with no representation from both parties on some occasions. A compromise memo was filed in the Registry on 19.03.2021.