IQ Systems and Researcher Pvt. Ltd. filed a Corporate Petition (CP (IB) No. 1191/KB/2018) against Stesalit Systems Ltd. (formerly known as Stesalt Ltd.). The case was heard on February 11, 2019. Counsel for both the Operational Creditor and the Corporate Debtor jointly submitted that the matter had been settled out of the Tribunal. The Operational Creditor then filed an application to withdraw the C.P., seeking permission from the Registry. The key fact is the out-of-court settlement, leading to the withdrawal application.

IQ Systems and Researcher Pvt. Ltd. filed a Corporate Petition (CP (IB) No. 1191/KB/2018) against Stesalit Systems Ltd. (formerly known as Stesalt Ltd.). The case was heard on February 11, 2019. Counsel for both the Operational Creditor and the Corporate Debtor jointly submitted that the matter had been settled out of the Tribunal. The Operational Creditor then filed an application to withdraw the C.P., seeking permission from the Registry. The key fact is the out-of-court settlement, leading to the withdrawal application.