Ram Charan Company Pvt Ltd, the operational creditor, filed a petition against Stallion Tyres Ltd, the corporate debtor, under Section 9 of the IBC. The operational creditor claimed that the corporate debtor had defaulted on payments. During the proceedings, the operational creditor received payment from the corporate debtor, leading to a settlement of the claim. Consequently, the operational creditor filed a withdrawal memo seeking permission to withdraw the petition. The court noted that the petition had not yet been admitted and granted permission for withdrawal under Rule 8 of the I&B (AAA) Rules, 2016. The petition was then dismissed as withdrawn.

Ram Charan Company Pvt Ltd, the operational creditor, filed a petition against Stallion Tyres Ltd, the corporate debtor, under Section 9 of the IBC. The operational creditor claimed that the corporate debtor had defaulted on payments. During the proceedings, the operational creditor received payment from the corporate debtor, leading to a settlement of the claim. Consequently, the operational creditor filed a withdrawal memo seeking permission to withdraw the petition. The court noted that the petition had not yet been admitted and granted permission for withdrawal under Rule 8 of the I&B (AAA) Rules, 2016. The petition was then dismissed as withdrawn.