Shalimar Paints Ltd. filed a petition against Vadraj Cement Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The hearing occurred on September 25, 2017. The counsels for both the petitioner (Shalimar Paints Ltd.) and the corporate debtor (Vadraj Cement Ltd.) were present. The petitioner's counsel informed the court that the case had been settled. Consequently, the petition was dismissed as withdrawn, considering the consent terms filed by the petitioner. This indicates an agreement between the parties leading to the withdrawal of the petition.

Shalimar Paints Ltd. filed a petition against Vadraj Cement Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The hearing occurred on September 25, 2017. The counsels for both the petitioner (Shalimar Paints Ltd.) and the corporate debtor (Vadraj Cement Ltd.) were present. The petitioner's counsel informed the court that the case had been settled. Consequently, the petition was dismissed as withdrawn, considering the consent terms filed by the petitioner. This indicates an agreement between the parties leading to the withdrawal of the petition.