The case involves a Company Petition filed by Shri Salasar Balaji Infra, the Operational Creditor, against Vijay Nirman Company Private Limited, the Corporate Debtor, under Section 9 of the IBC. The hearing took place on January 28, 2020. Counsel for both parties were present. A joint memo was filed, indicating a settlement between the parties. Consequently, the Company Petition was dismissed as withdrawn under Rule-8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016. The key fact is the settlement leading to the withdrawal of the petition.

The case involves a Company Petition filed by Shri Salasar Balaji Infra, the Operational Creditor, against Vijay Nirman Company Private Limited, the Corporate Debtor, under Section 9 of the IBC. The hearing took place on January 28, 2020. Counsel for both parties were present. A joint memo was filed, indicating a settlement between the parties. Consequently, the Company Petition was dismissed as withdrawn under Rule-8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016. The key fact is the settlement leading to the withdrawal of the petition.