The case involves an insolvency proceeding initiated by Utpal Kumar Guha (New Engineering Works) against Simplex Infrastructure Ltd. under Section 9 of the IBC. During the hearing on September 6, 2019, both parties jointly submitted that the matter had been settled outside the Tribunal. Consequently, the operational creditor sought permission to withdraw the Corporate Petition (C.P.). The Tribunal granted permission, leading to the disposal of the case.

The case involves an insolvency proceeding initiated by Utpal Kumar Guha (New Engineering Works) against Simplex Infrastructure Ltd. under Section 9 of the IBC. During the hearing on September 6, 2019, both parties jointly submitted that the matter had been settled outside the Tribunal. Consequently, the operational creditor sought permission to withdraw the Corporate Petition (C.P.). The Tribunal granted permission, leading to the disposal of the case.