M/s. Aster Technologies Pvt. Ltd. (Operational Creditor) filed C.P.(IB) No.184/BB/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Solas Fire Safety Equipment Private Limited (Corporate Debtor) for a default amount of Rs.4,35,487.50. The case was admitted on 2021-03-15. Subsequently, the parties entered into a Joint Compromise Memo dated 2021-04-06, where the Corporate Debtor paid Rs.6,00,428.50 to the Operational Creditor via Demand Draft No.163914 dated 2021-04-06. The Operational Creditor then sought to withdraw the petition, and the Tribunal permitted the withdrawal.

M/s. Aster Technologies Pvt. Ltd. (Operational Creditor) filed C.P.(IB) No.184/BB/2020 under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Solas Fire Safety Equipment Private Limited (Corporate Debtor) for a default amount of Rs.4,35,487.50. The case was admitted on 2021-03-15. Subsequently, the parties entered into a Joint Compromise Memo dated 2021-04-06, where the Corporate Debtor paid Rs.6,00,428.50 to the Operational Creditor via Demand Draft No.163914 dated 2021-04-06. The Operational Creditor then sought to withdraw the petition, and the Tribunal permitted the withdrawal.