An application was filed seeking the withdrawal of IB-1266/ND/2019. The IRP stated that the parties involved had executed a settlement agreement on December 30, 2019, and again on December 7, 2020. Copies of the agreement were annexed with the application. The CoC, in its meeting on November 4, 2020, approved the settlement and consented to the withdrawal of the IB application. The minutes and consent of the CoC, along with the Form-FA consent of the applicant, were placed on record. The relevance of these facts is that they demonstrate the parties' agreement to settle and the CoC's approval for withdrawal of the insolvency application.

An application was filed seeking the withdrawal of IB-1266/ND/2019. The IRP stated that the parties involved had executed a settlement agreement on December 30, 2019, and again on December 7, 2020. Copies of the agreement were annexed with the application. The CoC, in its meeting on November 4, 2020, approved the settlement and consented to the withdrawal of the IB application. The minutes and consent of the CoC, along with the Form-FA consent of the applicant, were placed on record. The relevance of these facts is that they demonstrate the parties' agreement to settle and the CoC's approval for withdrawal of the insolvency application.