Kotak Mahindra Bank Ltd. initiated insolvency proceedings against M/s. Solitaire Foods Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels representing both parties informed the court that the dispute had been resolved between them. Consequently, a request was made to withdraw the petition. The court accepted this request and dismissed the petition, allowing Kotak Mahindra Bank Ltd. the option to file a fresh petition on the same grounds if needed in the future. This resolution suggests a settlement or agreement was reached between the bank and Solitaire Foods Pvt. Ltd., leading to the withdrawal of the insolvency application.

Kotak Mahindra Bank Ltd. initiated insolvency proceedings against M/s. Solitaire Foods Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels representing both parties informed the court that the dispute had been resolved between them. Consequently, a request was made to withdraw the petition. The court accepted this request and dismissed the petition, allowing Kotak Mahindra Bank Ltd. the option to file a fresh petition on the same grounds if needed in the future. This resolution suggests a settlement or agreement was reached between the bank and Solitaire Foods Pvt. Ltd., leading to the withdrawal of the insolvency application.