Digiquora Consulting Private Limited, an operational creditor, filed a petition against SLK Global Solutions Private Limited, the corporate debtor, under Section 9 of the IBC, 2016, seeking to initiate CIRP. The basis for the petition was a default of Rs. 1,56,29,387 by the corporate debtor. The case was listed for admission on multiple dates, during which the parties explored settlement possibilities. Subsequently, Digiquora Consulting filed a memo for withdrawal, stating that the outstanding amount had been settled. SLK Global Solutions confirmed the settlement and had no objection to the dismissal of the case. The key fact is the settlement of the outstanding dues, which led to the withdrawal of the petition.

Digiquora Consulting Private Limited, an operational creditor, filed a petition against SLK Global Solutions Private Limited, the corporate debtor, under Section 9 of the IBC, 2016, seeking to initiate CIRP. The basis for the petition was a default of Rs. 1,56,29,387 by the corporate debtor. The case was listed for admission on multiple dates, during which the parties explored settlement possibilities. Subsequently, Digiquora Consulting filed a memo for withdrawal, stating that the outstanding amount had been settled. SLK Global Solutions confirmed the settlement and had no objection to the dismissal of the case. The key fact is the settlement of the outstanding dues, which led to the withdrawal of the petition.