IQ Systems and Researcher Pvt. Ltd. (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Stesalit Systems Ltd. (Corporate Debtor) under Section 9 of the IBC. The matter was listed before the NCLT Kolkata Bench. During the proceedings, the Operational Creditor and Corporate Debtor jointly submitted that the matter had been settled out of the Tribunal. Consequently, the Operational Creditor filed an application to withdraw the C.P. The Tribunal granted permission for the withdrawal, disposing of the C.P.

IQ Systems and Researcher Pvt. Ltd. (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Stesalit Systems Ltd. (Corporate Debtor) under Section 9 of the IBC. The matter was listed before the NCLT Kolkata Bench. During the proceedings, the Operational Creditor and Corporate Debtor jointly submitted that the matter had been settled out of the Tribunal. Consequently, the Operational Creditor filed an application to withdraw the C.P. The Tribunal granted permission for the withdrawal, disposing of the C.P.