The case involves Kunal Finance & Credit Pvt. Ltd. and Others as the Financial Creditor and Wearit Global Ltd. as the Corporate Debtor. The matter was brought before the NCLT Kolkata Bench under Section 7 of the IBC. During the hearing on January 8, 2020, both parties submitted that the matter had been settled between them. Consequently, the Financial Creditor requested permission to withdraw the case, which was granted by the NCLT. The case was then disposed of, with the Financial Creditor retaining the option to revive the matter if the settlement fails. Representatives for both the Financial Creditor and Corporate Debtor were present during the hearing.

The case involves Kunal Finance & Credit Pvt. Ltd. and Others as the Financial Creditor and Wearit Global Ltd. as the Corporate Debtor. The matter was brought before the NCLT Kolkata Bench under Section 7 of the IBC. During the hearing on January 8, 2020, both parties submitted that the matter had been settled between them. Consequently, the Financial Creditor requested permission to withdraw the case, which was granted by the NCLT. The case was then disposed of, with the Financial Creditor retaining the option to revive the matter if the settlement fails. Representatives for both the Financial Creditor and Corporate Debtor were present during the hearing.